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:
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.
Technology & Communications
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