Looking at the sectors faring worst as of midday Tuesday, shares of Technology & Communications companies are underperforming other sectors, showing a 0.9% loss. Within the sector, Skyworks Solutions, Inc. (Symbol: SWKS) and Micron Technology Inc. (Symbol: MU) are two large stocks that are lagging, showing a loss of 5.1% and 4.8%, respectively. Among technology ETFs , one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is down 0.4% on the day, and up 3.64% year-to-date. Skyworks Solutions, Inc., meanwhile, is up 19.35% year-to-date, and Micron Technology Inc., is down 53.16% year-to-date. Combined, SWKS and MU make up approximately 0.9% of the underlying holdings of XLK.
The next worst performing sector is the Utilities sector, showing a 0.5% loss. Among large Utilities stocks, NRG Energy Inc (Symbol: NRG) and NiSource Inc. (Symbol: NI) are the most notable, showing a loss of 1.6% and 1.4%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF ( XLU ), which is down 0.3% in midday trading, and down 1.79% on a year-to-date basis. NRG Energy Inc, meanwhile, is down 20.87% year-to-date, and NiSource Inc. is up 8.63% year-to-date. Combined, NRG and NI make up approximately 2.3% of the underlying holdings of XLU.
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:
Here’s a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Tuesday. As you can see, none of the sectors are up on the day, while eight sectors are down.
|Technology & Communications||-0.9%|