Thursday Sector Laggards: Technology & Communications, Services

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Thursday Sector Laggards: Technology & Communications, Services
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The worst performing sector as of midday Thursday is the Technology & Communications sector, showing a 1.4% loss. Within that group, Intel Corp (Symbol: INTC) and Advanced Micro Devices Inc (Symbol: AMD) are two large stocks that are lagging, showing a loss of 4.2% and 3.8%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is down 2.0% on the day, and up 15.21% year-to-date. Intel Corp, meanwhile, is down 58.42% year-to-date, and Advanced Micro Devices Inc is up 3.01% year-to-date. Combined, INTC and AMD make up approximately 3.5% of the underlying holdings of XLK.

The next worst performing sector is the Services sector, showing a 0.8% loss. Among large Services stocks, Walgreens Boots Alliance Inc (Symbol: WBA) and Dominos Pizza Inc. (Symbol: DPZ) are the most notable, showing a loss of 3.2% and 2.8%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF (IYC), which is down 1.2% in midday trading, and up 9.56% on a year-to-date basis. Walgreens Boots Alliance Inc, meanwhile, is down 58.62% year-to-date, and Dominos Pizza Inc. is up 1.63% year-to-date. DPZ makes 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:

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, two sectors are up on the day, while seven sectors are down. Sector% ChangeFinancial+0.2%Energy+0.1%Utilities-0.3%Industrial-0.4%Healthcare-0.5%Materials-0.5%Consumer Products-0.6%Services-0.8%Technology & Communications-1.4%

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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.