HomeMarket News Technology & Communications, Financial Sectors Experience Losses Fridays Witness Sectoral Losses In Technology...

Technology & Communications, Financial Sectors Experience Losses Fridays Witness Sectoral Losses In Technology & Communications, Financial

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The Technology & Communications sector has shown a 0.3% loss, marking it as the worst performing sector midday Friday. Two significant stocks in this sector, Adobe Inc (Symbol: ADBE) and Western Digital Corp (Symbol: WDC), are lagging with losses of 5.3% and 3.1%, respectively. Alongside this, an ETF tracking the sector, Technology Select Sector SPDR ETF (Symbol: XLK), is down 0.1% for the day and has gained 6.06% year-to-date. Comparatively, Adobe Inc has dropped 6.31% year-to-date, and Western Digital Corp has risen by 3.65% year-to-date. Together, ADBE and WDC account for about 2.9% of the underlying holdings of XLK.

The next sector experiencing a setback is the Financial sector, marking a 0.2% loss. The major stocks in this sector, Digital Realty Trust Inc (Symbol: DLR) and Comerica, Inc. (Symbol: CMA), are notably down by 7.5% and 2.6%, respectively. The Financial Select Sector SPDR ETF (XLF), closely mirroring Financial stocks, is at a standstill in middaytrading and has garnered a 5.80% year-to-date increase. In contrast, Digital Realty Trust Inc has seen a 2.16% rise year-to-date, while Comerica, Inc. is down by 10.34% year-to-date. CMA represents roughly 0.1% of the underlying holdings of XLF.

Surveying these stocks and ETFs over the past twelve months, a relative stock price performance chart illustrates each symbol in a distinct color, as labeled in the legend at the bottom.

Furthermore, the S&P 500 components within various sectors demonstrate their performance in afternoontrading on Friday. Presently, five sectors show gains, while three sectors are witnessing a decline.

Sector % Change
Materials +0.8%
Healthcare +0.7%
Energy +0.7%
Utilities +0.2%
Industrial +0.1%
Consumer Products -0.0%
Services -0.1%
Financial -0.2%
Technology & Communications -0.3%

25 Dividend Giants Widely Held By ETFs »

Also see:

• Top Stocks Held By Seth Klarman
• Institutional Holders of NQP
• RJI shares outstanding history

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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