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Thursday Sector Laggards: Technology & Communications, Services

By Market News Video Staff, Thursday, August 24, 4:02 PM ET

The worst performing sector as of midday Thursday is the Technology & Communications sector, showing a 1.4% loss. Within the sector, Advanced Micro Devices Inc (NASDAQ:AMD) and Enphase Energy Inc. (NASDAQ:ENPH) are two large stocks that are lagging, showing a loss of 7.1% and 5.8%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (NYSE:XLK), which is down 1.5% on the day, and up 37.21% year-to-date. Advanced Micro Devices Inc, meanwhile, is up 58.75% year-to-date, and Enphase Energy Inc., is down 51.55% year-to-date. Combined, AMD and ENPH make up approximately 2.3% of the underlying holdings of XLK.

The next worst performing sector is the Services sector, showing a 1.3% loss. Among large Services stocks, Dollar Tree Inc (NASDAQ:DLTR) and Bath & Body Works Inc (NYSE:BBWI) are the most notable, showing a loss of 11.3% and 5.4%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF (IYC), which is down 1.3% in midday trading, and up 21.35% on a year-to-date basis. Dollar Tree Inc, meanwhile, is down 10.07% year-to-date, and Bath & Body Works Inc, is down 19.24% year-to-date. Combined, DLTR and BBWI make up approximately 0.7% of the underlying holdings of IYC.

Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:

Stock Message Boards

Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Thursday. As you can see, none of the sectors are up on the day, while eight sectors are down.

Sector% Change
Financial-0.0%
Energy-0.1%
Materials-0.4%
Utilities-0.5%
Healthcare-0.5%
Consumer Products-0.6%
Industrial-0.7%
Services-1.3%
Technology & Communications-1.4%


This Article's Word Cloud:   Advanced   Among   BBWI   Bath   Body   Buying   Change   Combined   Communications   Comparing   Consumer   DLTR   Devices   Dollar   ENPH   ETFs   Energy   Enphase   Financial   Healthcare   Here   Micro   NYSE   Sector   Services   Technology   Thursday   Tree   Works   approximately   basis   date   down   holdings   large   loss   make   meanwhile   midday   performing   respectively   sector   sectors   showing   stocks   trading   underlying   which   worst   year
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