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Tuesday Sector Laggards: Industrial, Services

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In afternoon trading on Tuesday, Industrial stocks are the worst performing sector, showing a 0.6% loss. Within the sector, Keysight Technologies Inc (Symbol: KEYS) and Nordson Corp. (Symbol: NDSN) are two large stocks that are lagging, showing a loss of 9.1% and 8.5%, respectively. Among industrial ETFs, one ETF following the sector is the Industrial Select Sector SPDR ETF (Symbol: XLI), which is down 0.3% on the day, and up 10.13% year-to-date. Keysight Technologies Inc, meanwhile, is down 8.69% year-to-date, and Nordson Corp., is down 6.48% year-to-date. NDSN makes up approximately 0.4% of the underlying holdings of XLI.

The next worst performing sector is the Services sector, showing a 0.5% loss. Among large Services stocks, Walgreens Boots Alliance Inc (Symbol: WBA) and AutoZone, Inc. (Symbol: AZO) are the most notable, showing a loss of 6.1% and 3.7%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF (IYC), which is down 0.1% in midday trading, and up 5.25% on a year-to-date basis. Walgreens Boots Alliance Inc, meanwhile, is down 34.01% year-to-date, and AutoZone, Inc. is up 8.94% year-to-date. AZO makes up approximately 0.9% of the underlying holdings of IYC.

Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:

ETF Channel

Here’s a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Tuesday. As you can see, three sectors are up on the day, while six sectors are down.

Sector % Change
Utilities +0.5%
Financial +0.3%
Consumer Products +0.1%
Technology & Communications -0.1%
Materials -0.1%
Energy -0.1%
Services -0.5%
Healthcare -0.5%
Industrial -0.6%

nslideshow 25 Dividend Giants Widely Held By ETFs Β»

Also see:

Β• MNDL Insider Buying
Β• Institutional Holders of SPUU
Β• Top Ten Hedge Funds Holding GREI

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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