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Monday Sector Laggards: Financial, Services
By Market News Video Staff, Monday, May 20, 2:34 PM ET
Looking at the sectors faring worst as of midday Monday, shares of Financial companies are underperforming other sectors, showing a 0.7% loss. Within the sector, Chubb Ltd (NYSE:CB) and JPMorgan Chase & Co (NYSE:JPM) are two large stocks that are lagging, showing a loss of 3.2% and 3.0%, respectively. Among financial ETFs, one ETF following the sector is the Financial Select Sector SPDR ETF (NYSE:XLF), which is down 0.9% on the day, and up 12.41% year-to-date. Chubb Ltd, meanwhile, is up 17.90% year-to-date, and JPMorgan Chase & Co is up 18.02% year-to-date. Combined, CB and JPM make up approximately 12.0% of the underlying holdings of XLF.
The next worst performing sector is the Services sector, showing a 0.4% loss. Among large Services stocks, Ulta Beauty Inc (NASDAQ:ULTA) and Match Group Inc (NASDAQ:MTCH) are the most notable, showing a loss of 3.3% and 3.0%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF (IYC), which is down 0.5% in midday trading, and up 5.20% on a year-to-date basis. Ulta Beauty Inc, meanwhile, is down 21.16% year-to-date, and Match Group Inc, is down 17.10% year-to-date. ULTA 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 Monday. As you can see, three sectors are up on the day, while six sectors are down.
Sector
% Change
Technology & Communications
+0.6%
Industrial
+0.6%
Materials
+0.2%
Consumer Products
-0.2%
Healthcare
-0.2%
Utilities
-0.3%
Services
-0.4%
Energy
-0.4%
Financial
-0.7%
This Article's Word Cloud:AmongBeautyBuyingChangeChaseChubbCombinedCommunicationsComparingConsumerETFsEnergyFinancialGroupHealthcareHereIndustrialInsidersJPMorganLookingMTCHMatchMaterialsMondayNYSEProductsSectorServicesULTAUltaapproximatelybasisdatedownfaringholdingslargelossmeanwhilemiddayrespectivelysectorsectorsshowingstockstradingunderlyingwhichworstyear
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