Friday sector laggards: technology and communications, industry

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IOn Friday afternoon, technology and communications stocks were the worst performing sector, posting a loss of 2.6%. Within this group, Xilinx, Inc. (Symbol: XLNX) and Advanced Micro Devices Inc (Symbol: AMD) are two of today’s laggards, posting a loss of 8.7% and 8.7%, respectively. Among technology ETFs, a sector-tracking ETF is the Technology Select Sector SPDR ETF (Ticker: XLK), which is down 2.5% on the day and 10.42% year-to-date. Xilinx, Inc., meanwhile, is down 6.60% year-to-date, and Advanced Micro Devices Inc., is down 20.16% year-to-date. Together, XLNX and AMD represent approximately 2.0% of XLK’s underlying holdings.

The second worst performing sector is the industrial sector, posting a loss of 2.0%. Among large industrial stocks, American Airlines Group Inc (Ticker: AAL) and Copart Inc (Ticker: CPRT) are the most notable, posting a loss of 6.0% and 5.6%, respectively. One ETF closely tracking industrial stocks is the Industrial Select Sector ETF SPDR (XLI), which is down 1.5% midday and 6.05% year-to-date. American Airlines Group Inc, meanwhile, is down 2.08% year-to-date, and Copart Inc, is down 20.04% year-to-date. Together, AAL and CPRT represent approximately 1.3% of XLI’s underlying holdings.

Comparing these stocks and ETFs on a twelve-month basis, below is a graph of relative stock price performance, with each of the symbols displayed in a different color, as shown in the legend at the bottom:

Here’s a look at how the S&P 500 constituents moved across sectors in Friday afternoon trading. As you can see, one sector is up on this day, while eight sectors are down.

Sector % Change
Energy +2.4%
Utilities -0.1%
consumer products -0.8%
Materials -0.9%
Health care -1.2%
Financial -1.3%
Services -1.7%
Industrial -2.0%
Technology and communication -2.6%

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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