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Looking at the sectors faring worst as of midday Wednesday, shares of Materials companies are underperforming other sectors, showing a 1.1% loss. Within that group, Nucor Corp. (NYSE:NUE) and Packaging Corp of America (NYSE:PKG) are two large stocks that are lagging, showing a loss of 5.8% and 2.6%, respectively. Among the high volume ETFs, one ETF closely following materials stocks is the Materials Select Sector SPDR ETF (NYSE:XLB), which is down 0.9% on the day, and up 21.60% year-to-date. Nucor Corp., meanwhile, is up 96.91% year-to-date, and Packaging Corp of America is up 6.47% year-to-date. Combined, NUE and PKG make up approximately 4.6% of the underlying holdings of XLB.
The next worst performing sector is the Services sector, showing a 0.7% loss. Among large Services stocks, L Brands, Inc (LB) and News Corp (NASDAQ:NWSA) are the most notable, showing a loss of 5.3% and 3.0%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF (IYC), which is down 0.3% in midday trading, and up 8.32% on a year-to-date basis. L Brands, Inc, meanwhile, is up 80.24% year-to-date, and News Corp is up 43.58% year-to-date. Combined, LB and NWSA make up approximately 0.6% 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 Wednesday. As you can see, four sectors are up on the day, while four sectors are down.
Sector
% Change
Energy
+2.0%
Utilities
+0.7%
Financial
+0.2%
Technology & Communications
+0.2%
Industrial
0.0%
Consumer Products
-0.2%
Healthcare
-0.3%
Services
-0.7%
Materials
-1.1%
This Article's Word Cloud:AmericaAmongBrandsBuyingChangeCombinedCommunicationsComparingConsumerCorpETFsEnergyFinancialHealthcareHereIndustrialInsidersMaterialsNWSANYSENewsNucorPackagingSectorServicesWednesdayapproximatelybasiscloselydatedownfaringfourholdingslargelossmakemeanwhilemiddayrespectivelysectorsectorsshowingstocksthattradingunderlyingwhichworstyear
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