Friday’s Underperforming Sectors: Services and Utilities

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As of midday Friday, the Services sector is experiencing the worst performance among S&P 500 sectors, showing a 0.7% loss. Notably, The Trade Desk Inc (TTD) has plummeted 37.0% while Paramount Global (PARA) is down 6.0%. The iShares U.S. Consumer Services ETF (IYC), which includes these stocks, is down 0.2% today but up 4.83% year-to-date. Year-to-date, TTD has lost 52.62%, whereas PARA is up 6.50%.

The Utilities sector ranks second in underperformance with a 0.4% loss. Edison International (EIX) and Eversource Energy (ES) are down 3.0% and 1.6%, respectively. The Utilities Select Sector SPDR ETF (XLU), tracking this sector, has decreased by 0.5% today but is up 15.30% year-to-date. EIX has declined 30.13% year-to-date, while ES has gained 15.59%.

Overall, seven sectors are up on the day, while two sectors, Services and Utilities, are down.

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