Finance: A Rocky Road
The Financial sector has hit a few bumps as of midday Monday, showing a meager increase of 0.2%. Within this category, American International Group Inc (AIG) and Assurant Inc (AIZ) are dragging behind, incurring losses of 1.1% and 1.0%, respectively. Some respite can be seen in the Financial Select Sector SPDR ETF (XLF), managing a modest rise of 0.5% for the day and a commendable 8.66% year-to-date. American International Group Inc is also exhibiting a noteworthy 11.93% year-to-date uptick, while Assurant Inc boasts a 6.90% year-to-date increase. Combined, AIG and AIZ represent approximately 1.1% of XLF’s holdings.
Industry: Holding Ground
The Industrial sector is treading carefully, with a 0.4% increase. Among the prominent Industrial companies, Expeditors International of Washington, Inc. (EXPD) and Boeing Co. (BA) are facing setbacks, witnessing declines of 1.4% and 1.3%, respectively. The Industrial Select Sector SPDR ETF (XLI) provides some solace, marking a 0.4% rise in midday trading and a respectable 7.19% uptick in year-to-date performance. Unfortunately, Expeditors International of Washington, Inc. is down 7.04% year-to-date, and Boeing Co. is struggling with a significant 30.86% decline in the same period. Together, EXPD and BA account for roughly 3.2% of XLI’s holdings.
Comparing these companies and ETFs over the past year yields a revealing stock price performance, depicted in the color-coded chart below:
Here’s a quick glance at how the S&P 500 components across various sectors are faring this Monday afternoon. Out of the nine sectors showing gains, none are in the red.
| Sector | % Change |
|---|---|
| Consumer Products | +0.8% |
| Services | +0.8% |
| Materials | +0.8% |
| Utilities | +0.7% |
| Technology & Communications | +0.6% |
| Healthcare | +0.5% |
| Industrial | +0.4% |
| Energy | +0.4% |
| Financial | +0.2% |
10 ETFs With Stocks That Insiders Are Buying »
Read Also:
Warren Buffett Dividend Stocks
ACTC Options Chain
WEST Stock Predictions
The author’s viewpoints do not necessarily reflect those of Nasdaq, Inc.
