The worst performing sector as of midday Friday is the Technology & Communications sector, showing a 1.6% loss. Within that group, Applied Materials, Inc. (Symbol: AMAT) and Adobe Inc (Symbol: ADBE) are two large stocks that are lagging, showing a loss of 8.7% and 4.9%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which i...
The worst performing sector as of midday Friday is the Technology & Communications sector, showing a 1.6% loss. Within that group, Applied Materials, Inc. (Symbol: AMAT) and Adobe Inc (Symbol: ADBE) are two large stocks that are lagging, showing a loss of 8.7% and 4.9%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is down 2.5% on the day, and up 19.39% year-to-date. Applied Materials, Inc., meanwhile, is up 5.52% year-to-date, and Adobe Inc, is down 15.56% year-to-date. Combined, AMAT and ADBE make up approximately 3.9% of the underlying holdings of XLK. The next worst performing sector is the Services sector, showing a 1.4% loss. Among large Services stocks, Omnicom Group, Inc. (Symbol: OMC) and Warner Bros Discovery Inc (Symbol: WBD) are the most notable, showing a loss of 7.4% and 7.3%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF (IYC), which is down 1.1% in midday trading, and up 23.70% on a year-to-date basis. Omnicom Group, Inc., meanwhile, is up 14.81% year-to-date, and Warner Bros Discovery Inc, is down 19.73% year-to-date. Combined, OMC and WBD make up approximately 0.7% 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 Friday. As you can see, two sectors are up on the day, while seven sectors are down. Sector % Change Utilities +1.0% Financial +0.1% Materials -0.4% Energy -0.4% Consumer Products -0.7% Industrial -1.0% Healthcare -1.2% Services -1.4% Technology & Communications -1.6% 25 Dividend Giants Widely Held By ETFs » Also see: Institutional Holders of GGAC VVI YTD Return Funds Holding XPON The views and opinions ...