Midweek Industry Underperformers: Services and Materials

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As of midday Wednesday, the Services sector is underperforming, showing a 0.9% loss. Notable declines include News Corp (NWS) at -5.2% and Dollar General Corp (DG) at -4.3%. The iShares U.S. Consumer Services ETF (IYC), which tracks this sector, is down 0.1% today but up 9.34% year-to-date.

The Materials sector is the second worst performer, with a 0.8% loss. Key stocks in this sector include Corteva Inc (CTVA), down 8.6%, and Vulcan Materials Co (VMC), down 2.4%. The Materials Select Sector SPDR ETF (XLB) is down 1.1% on the day but up 6.85% year-to-date.

Currently, four S&P 500 sectors are performing well, while four are in the red, with healthcare (+1.6%) and utilities (+0.8%) leading the gains.

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