Tuesday Sector Laggards: Services, Technology & Communications

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In afternoon trading on Tuesday, Services stocks are the worst performing sector, showing a 1.0% loss. Within that group, Lennar Corp (Symbol: LEN) and Horton Inc (Symbol: DHI) are two of the day’s laggards, showing a loss of 5.7% and 4.1%, respectively. Among the largest ETFs , one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is down 0.5% on the day, and up 19.93% year-to-date. Lennar Corp, meanwhile, is up 24.04% year-to-date, and Horton Inc is up 23.34% year-to-date.

The next worst performing sector is the Technology & Communications sector, showing a 0.9% loss. Among large Technology & Communications stocks, Adobe Inc (Symbol: ADBE) and Microsoft Corporation (Symbol: MSFT) are the most notable, showing a loss of 3.7% and 2.9%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF ( XLK ), which is down 1.3% in midday trading, and up 25.75% on a year-to-date basis. Adobe Inc, meanwhile, is up 27.63% year-to-date, and Microsoft Corporation is up 32.69% year-to-date. Combined, ADBE and MSFT make up approximately 22.4% of the underlying holdings of XLK.

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 Tuesday. As you can see, two sectors are up on the day, while seven sectors are down.

Sector % Change
Healthcare +0.5%
Materials +0.4%
Utilities -0.1%
Financial -0.1%
Consumer Products -0.2%
Industrial -0.3%
Energy -0.3%
Technology & Communications -0.9%
Services -1.0%

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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