First Week of QCOM April 19th Options Trading Friday, March 8, 11:04 AM ET, by Market News Video Staff Investors in Qualcomm Inc (QCOM) saw new options become available this week, for the April ...
Looking at the sectors faring worst as of midday Friday, shares of Technology & Communications companies are underperforming other sectors, showing a 0.8% loss. Within that group, Qualcomm Inc (NASDAQ:QCOM) and Monolithic Power Systems Inc (NASDAQ:MPWR) are two large stocks that are lagging, showing a loss of 5.6% and 5.2%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (NYSE:XLK), which is down 0.9% on the day, and down 9.29% year-to-date. Qualcomm Inc, meanwhile, is down 20.73% year-to-date, and Monolithic Power Systems Inc, is down 6.57% year-to-date. Combined, QCOM and MPWR make up approximately 1.8% of the underlying holdings of XLK.
The next worst performing sector is the Industrial sector, showing a 0.5% loss. Among large Industrial stocks, J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) and Norfolk Southern Corp (NYSE:NSC) are the most notable, showing a loss of 8.6% and 6.3%, respectively. One ETF closely tracking Industrial stocks is the Industrial Select Sector SPDR ETF (XLI), which is down 0.9% in midday trading, and down 3.28% on a year-to-date basis. J.B. Hunt Transport Services, Inc., meanwhile, is down 9.99% year-to-date, and Norfolk Southern Corp, is down 9.84% year-to-date. Combined, JBHT and NSC make up approximately 2.8% of the underlying holdings of XLI.
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 Friday. As you can see, six sectors are up on the day, while three sectors are down.
Sector
% Change
Healthcare
+0.8%
Energy
+0.8%
Utilities
+0.7%
Materials
+0.4%
Financial
+0.3%
Consumer Products
+0.1%
Services
-0.1%
Industrial
-0.5%
Technology & Communications
-0.8%
This Article's Word Cloud:AmongChangeCombinedCommunicationsComparingConsumerCorpDividendETFsFridayHuntIndustrialJBHTMPWRMonolithicNYSENorfolkPowerQCOMQualcommSPDRSectorSelectServicesSouthernSystemsTechnologyTransportapproximatelybasisdatedownfaringholdingslargelossmakemeanwhilemiddayrespectivelysectorsectorsshowingstocksthattradingunderlyingwhichworstyear
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