Tuesday Sector Laggards: Materials, Services


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The worst performing sector as of midday Tuesday is the Materials sector, showing a 0.1% loss. Within that group, Freeport-McMoran Copper & Gold (Symbol: FCX) and Ecolab Inc (Symbol: ECL) are two large stocks that are lagging, showing a loss of 3.1% and 2.0%, respectively. Among the high volume ETFs , one ETF closely following materials stocks is the Materials Select Sector SPDR ETF (Symbol: XLB), which is down 0.2% on the day, and up 4.05% year-to-date. Freeport-McMoran Copper & Gold, meanwhile, is up 2.16% year-to-date, and Ecolab Inc is up 2.50% year-to-date. Combined, FCX and ECL make up approximately 8.3% of the underlying holdings of XLB.

The next worst performing sector is the Services sector, not showing much of a gain. Among large Services stocks, Discovery Communications Inc (Symbol: DISCA) and Discovery Communications Inc – Series C (Symbol: DISCK) are the most notable, showing a loss of 2.7% and 2.7%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF ( IYC ), which is up 0.6% in midday trading, and up 8.81% on a year-to-date basis. Discovery Communications Inc, meanwhile, is up 14.43% year-to-date, and Discovery Communications Inc – Series C is up 15.28% year-to-date. Combined, DISCA and DISCK make up approximately 0.3% 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:

ETF Channel 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, seven sectors are up on the day, while one sector is down.

Sector % Change
Utilities +1.1%
Financial +0.5%
Healthcare +0.4%
Technology & Communications +0.4%
Consumer Products +0.3%
Industrial +0.1%
Energy +0.1%
Services -0.0%
Materials -0.1%

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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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