Consumer Products Struggle Amid Market Challenges
As of midday Monday, the Consumer Products sector is lagging behind the broader market, registering a loss of 0.9%. Notable underperformers include Tesla Inc (Symbol: TSLA), which has dropped 5.6%, and Deckers Outdoor Corp. (Symbol: DECK), down 3.8%. The iShares U.S. Consumer Goods ETF (Symbol: IYK), which tracks the sector, is slightly up by 0.2% today and has gained 1.37% year-to-date. In contrast, year-to-date performance shows Tesla down 5.44% and Deckers down 16.02%.
Industrial Sector Follows Suit
The Industrial sector also faces challenges, with a 0.9% decrease. FedEx Corp (Symbol: FDX) and Stanley Black & Decker Inc (Symbol: SWK) are notable laggards, reporting losses of 6.0% and 3.8%, respectively. The Industrial Select Sector SPDR ETF (XLI), which closely follows Industrial stocks, is down 0.8% for the day but has risen 4.16% year-to-date. FedEx’s performance year-to-date shows a decline of 11.51%, while Stanley Black & Decker has seen an increase of 5.50%. Together, these two companies represent about 1.6% of XLI’s holdings.
For a broader perspective, the chart below illustrates the stock performance of these companies and ETFs over the past twelve months:
Current S&P 500 Sector Performance
This afternoon’s trading data reveals that three sectors are showing positive movement while six sectors are on the decline. A closer look at the S&P 500 components offers insight into current trends:
| Sector | % Change |
|---|---|
| Utilities | +0.4% |
| Energy | +0.4% |
| Healthcare | +0.1% |
| Services | -0.4% |
| Technology & Communications | -0.5% |
| Financial | -0.6% |
| Consumer Products | -0.9% |
| Industrial | -0.9% |
| Materials | -0.9% |
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Also see:
• Earnings History
• SURG Average Annual Return
• AVDV Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
