The worst performing sector as of midday Thursday is the Materials sector, showing a 0.9% loss. Within that group, Mohawk Industries, Inc. (NYSE:MHK) and Newmont Mining Corp (NYSE:NEM) are two large stocks that are lagging, showing a loss of 2.7% and 2.5%, respectively. Among the high volume ETFs, one ETF closely following materials stocks is the Materials Select Sector SPDR ETF (NYSE:XLB), which is down 0.8% on the day, and up 9.89% year-to-date. Mohawk Industries, Inc., meanwhile, is up 10.61% year-to-date, and Newmont Mining Corp , is down 2.80% year-to-date. NEM makes up approximately 3.0% of the underlying holdings of XLB.
The next worst performing sector is the Technology & Communications sector, showing a 0.4% loss. Among large Technology & Communications stocks, Take-Two Interactive Software, Inc. (NASDAQ:TTWO) and Western Digital Corp (NASDAQ:WDC) are the most notable, showing a loss of 3.6% and 3.4%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF (XLK), which is up 0.3% in midday trading, and up 16.80% on a year-to-date basis. Take-Two Interactive Software, Inc., meanwhile, is down 10.11% year-to-date, and Western Digital Corp is up 28.05% year-to-date. WDC makes up approximately 0.3% 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:
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, one sector is up on the day, while seven sectors are down.
Technology & Communications
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