The worst performing sector as of midday Tuesday is the Services sector, showing a 1.3% loss. Within that group, Wynn Resorts Ltd (Symbol: WYNN) and Las Vegas Sands Corp (Symbol: LVS) are two of the day’s laggards, showing a loss of 11.1% and 10.4%, respectively. Among the largest ETFs, one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is down 0.9% on the day, and up 12.00% year-to-date. Wynn Resorts Ltd, meanwhile, is down 18.48% year-to-date, and Las Vegas Sands Corp, is down 35.52% year-to-date. Combined, WYNN and LVS make up approximately 0.5% of the underlying holdings of IYC.
The next worst performing sector is the Financial sector, showing a 1.2% loss. Among large Financial stocks, PNC Financial Services Group (Symbol: PNC) and SVB Financial Group (Symbol: SIVB) are the most notable, showing a loss of 3.9% and 3.5%, respectively. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF (XLF), which is down 1.4% in midday trading, and up 28.10% on a year-to-date basis. PNC Financial Services Group, meanwhile, is up 27.83% year-to-date, and SVB Financial Group is up 49.89% year-to-date. Combined, PNC and SIVB make up approximately 2.8% of the underlying holdings of XLF.
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:
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, one sector is up on the day, while eight sectors are down.
| Sector | % Change |
|---|---|
| Healthcare | +0.3% |
| Technology & Communications | -0.1% |
| Utilities | -0.5% |
| Consumer Products | -0.7% |
| Industrial | -0.7% |
| Materials | -1.1% |
| Energy | -1.1% |
| Financial | -1.2% |
| Services | -1.3% |
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
