The laggards in the Wednesday sector: energy, technology and communications

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In Wednesday afternoon of trading, energy stocks were the worst performing sector, posting a loss of 0.1%. Within that group, Schlumberger Ltd (ticker: SLB) and Baker Hughes Company (ticker: BKR) are two large lagging stocks, posting losses of 1.1% and 0.7%, respectively. Among Energy ETF, the next sector ETF is the Energy Select Sector SPDR ETF (ticker: XLE), which is down 0.3% on the day and up 53.63% year-to-date. Schlumberger Ltd, meanwhile, is up 38.71% year-to-date, and Baker Hughes Company is up 20.50% year-to-date. Together, SLB and BKR represent approximately 6.4% of the underlying holdings of XLE.

The second worst performing sector is the technology and communications sector, up 0.1%. Among the big tech and communications stocks, Advanced Micro Devices Inc (ticker: AMD) and Xilinx, Inc. (ticker: XLNX) are the most notable, posting losses of 3.5% and 2.1%, respectively . The Technology Select Sector SPDR ETF (XLK), which closely tracks technology and communications stocks, is down 0.1% at midday and up 35.89% year-to-date. ‘year. Advanced Micro Devices Inc, meanwhile, is up 61.24% year-to-date, and Xilinx, Inc. is up 52.40% year-to-date. Together, AMD and XLNX represent approximately 2.0% of the underlying holdings of XLK.

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

Here is a look at how the components of the S&P 500 have moved across sectors on Wednesday afternoon. As you can see, eight sectors are up on this day while one sector is down.

Sector % Change
Consumer products + 0.5%
Utilities + 0.5%
Health care + 0.5%
Materials + 0.5%
Services + 0.3%
Financial + 0.3%
Industrial + 0.2%
Technology and communication + 0.1%
Energy -0.1%

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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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