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As of midday Tuesday, the Technology & Communications sector is the worst performing, down 2.8%. Notable stocks in this sector include ON Semiconductor Corp (ON) with a loss of 8.9% and Monolithic Power Systems Inc (MPWR) down 8.7%. The Technology Select Sector SPDR ETF (XLK) is also down 4.0% today but up 10.32% year-to-date. Year-to-date, ON is down 15.12%, while MPWR is up 35.65%. Together, these stocks constitute about 0.8% of XLK’s holdings.
The Energy sector follows as the second worst performing, down 2.5%. APA Corp (APA) has lost 5.8% and Phillips 66 (PSX) is down 4.7%. The Energy Select Sector SPDR ETF (XLE) is down 2.3% today but has gained 8.13% year-to-date. APA is down 23.08% year-to-date, while PSX is up 2.94%, with APA and PSX making up about 5.0% of XLE’s holdings.
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