Wednesday Sector Laggards: Energy, Technology & Communications

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The worst performing sector as of midday Wednesday is the Energy sector, showing a 2.3% loss. Within the sector, EQT Corp (Symbol: EQT) and APA Corp (Symbol: APA) are two large stocks that are lagging, showing a loss of 4.1% and 3.8%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 2.0% on the day, and up 10.22% year-to-date. EQT Corp, meanwhile, is down 0.11% year-to-date, and APA Corp, is down 14.34% year-to-date. Combined, EQT and APA make up approximately 1.6% of the underlying holdings of XLE.

The next worst performing sector is the Technology & Communications sector, showing a 1.2% loss. Among large Technology & Communications stocks, Skyworks Solutions Inc (Symbol: SWKS) and Super Micro Computer Inc (Symbol: SMCI) are the most notable, showing a loss of 14.8% and 13.8%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF (XLK), which is down 0.6% in midday trading, and up 1.51% on a year-to-date basis. Skyworks Solutions Inc, meanwhile, is down 18.62% year-to-date, and Super Micro Computer Inc is up 160.54% year-to-date. Combined, SWKS and SMCI make up approximately 0.6% 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:

Chart Zero

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

Sector % Change
Utilities +1.0%
Financial +0.5%
Healthcare +0.2%
Materials 0.0%
Services -0.4%
Industrial -0.4%
Consumer Products -0.6%
Technology & Communications -1.2%
Energy -2.3%

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Also see:

• MU market cap history
• CDAQ Average Annual Return
• TFFP market cap history

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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