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Tuesday Sector Laggards: Services, Utilities

By Market News Video Staff, Tuesday, August 3, 2:34 PM ET
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In afternoon trading on Tuesday, Services stocks are the worst performing sector, showing a 0.2% loss. Within that group, ViacomCBS Inc (NASDAQ:VIAC) and Discovery Inc (NASDAQ:DISCA) are two large stocks that are lagging, showing a loss of 6.5% and 4.7%, respectively. Among the largest ETFs, one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (NYSE:IYC), which is up 0.2% on the day, and up 10.76% year-to-date. ViacomCBS Inc, meanwhile, is up 3.72% year-to-date, and Discovery Inc, is down 7.84% year-to-date. Combined, VIAC and DISCA make up approximately 0.7% of the underlying holdings of IYC.

The next worst performing sector is the Utilities sector, higher by 0.3%. Among large Utilities stocks, Pinnacle West Capital Corp (NYSE:PNW) and PPL Corp (NYSE:PPL) are the most notable, showing a loss of 3.0% and 0.4%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is up 0.3% in midday trading, and up 7.90% on a year-to-date basis. Pinnacle West Capital Corp, meanwhile, is up 4.02% year-to-date, and PPL Corp is up 3.46% year-to-date. Combined, PNW and PPL make up approximately 3.3% of the underlying holdings of XLU.

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:

Chart Zero

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, eight sectors are up on the day, while one sector is down.

Sector% Change
Energy+1.7%
Materials+1.0%
Consumer Products+0.8%
Industrial+0.7%
Financial+0.6%
Healthcare+0.4%
Utilities+0.3%
Technology & Communications+0.3%
Services-0.2%


This Article's Word Cloud:   Among   Buying   Capital   Change   Combined   Communications   Comparing   Consumer   Corp   DISCA   Discovery   ETFs   Energy   Financial   Healthcare   Here   Industrial   Insiders   NYSE   Pinnacle   Sector   Services   Tuesday   Utilities   VIAC   ViacomCBS   West   afternoon   approximately   basis   closely   date   down   holdings   large   loss   make   meanwhile   performing   respectively   sector   sectors   showing   stocks   that   trading   underlying   which   worst   year
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