HomeMarket NewsTuesday Sector Laggards: Services, Technology & Communications

Tuesday Sector Laggards: Services, Technology & Communications

Actionable Trade Ideas

always free

In afternoon trading on Tuesday, Services stocks are the worst performing sector, showing a 0.1% loss. Within the sector, Walt Disney Co. (Symbol: DIS) and Paramount Global (Symbol: PARA) are two large stocks that are lagging, showing a loss of 10.3% and 3.1%, respectively. Among the largest ETFs, one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is down 0.5% on the day, and up 5.29% year-to-date. Walt Disney Co., meanwhile, is up 15.76% year-to-date, and Paramount Global, is down 12.57% year-to-date. Combined, DIS and PARA make up approximately 3.6% of the underlying holdings of IYC.

The next worst performing sector is the Technology & Communications sector, higher by 0.1%. Among large Technology & Communications stocks, Monolithic Power Systems Inc (Symbol: MPWR) and ServiceNow Inc (Symbol: NOW) are the most notable, showing a loss of 3.1% and 2.3%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF (XLK), which is down 0.1% in midday trading, and up 6.52% on a year-to-date basis. Monolithic Power Systems Inc, meanwhile, is up 12.76% year-to-date, and ServiceNow Inc is up 0.47% year-to-date. Combined, MPWR and NOW make up approximately 1.9% of the underlying holdings of XLK.

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:

Stock Message Boards

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, eight sectors are up on the day, while one sector is down.

Sector % Change
Materials +0.8%
Healthcare +0.4%
Consumer Products +0.3%
Industrial +0.3%
Energy +0.3%
Utilities +0.2%
Financial +0.2%
Technology & Communications +0.1%
Services -0.1%

nslideshow25 Dividend Giants Widely Held By ETFs »

Also see:

• Oversold Dividend Stocks
• ETFs Holding TSM
• TEKK YTD Return

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

Swing Trading Ideas and Market Commentary

Need some new swing ideas? Get free weekly swing ideas and market commentary from Jonathan Bernstein here: Swing Trading.

Explore More

Weekly In-Depth Market Analysis and Actionable Trade Ideas

Get institutional-level analysis and trade ideas to take your trading to the next level, sign up for free and become apart of the community.