As of midday Monday, the Technology & Communications sector is the worst performer, down 2.5%. Key laggards include Datadog Inc (DDOG), which has dropped 11.7%, and CrowdStrike Holdings Inc (CRWD), down 11.1%. The Technology Select Sector SPDR ETF (XLK) is down 1.7% today and 3.83% year-to-date, while Datadog Inc and CrowdStrike Holdings are down 24.92% and 26.34% year-to-date, respectively. Together, they represent about 1.1% of XLK’s holdings.
The Financial sector follows closely with a 1.9% decline. Notably, KKR & CO Inc (KKR) and Capital One Financial Corp (COF) are down 8.6% and 7.8%, respectively. The Financial Select Sector SPDR ETF (XLF) is down 3.2% today and 7.24% year-to-date. Year-to-date, KKR has declined 27.29%, and COF has decreased by 20.37%. Combined, these stocks constitute approximately 2.6% of XLF’s holdings.
