Looking at the sectors faring worst as of midday Tuesday, shares of Technology & Communications companies are underperforming other sectors, showing a 0.5% loss. Within the sector, NVIDIA Corp (Symbol: NVDA) and CrowdStrike Holdings Inc (Symbol: CRWD) are two large stocks that are lagging, showing a loss of 2.3% and 2.1%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is down 0.9% on the day, and up 21.47% year-to-date. NVIDIA Corp, meanwhile, is up 171.23% year-to-date, and CrowdStrike Holdings Inc is up 33.90% year-to-date. Combined, NVDA and CRWD make up approximately 14.4% of the underlying holdings of XLK.
The next worst performing sector is the Utilities sector, showing a 0.4% loss. Among large Utilities stocks, NRG Energy Inc (Symbol: NRG) and Vistra Corp (Symbol: VST) are the most notable, showing a loss of 2.2% and 1.5%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is down 0.4% in midday trading, and up 22.66% on a year-to-date basis. NRG Energy Inc, meanwhile, is up 77.39% year-to-date, and Vistra Corp is up 260.50% year-to-date. Combined, NRG and VST make up approximately 5.6% of the underlying holdings of XLU.
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, four sectors are up on the day, while three sectors are down.
| Sector | % Change |
|---|---|
| Energy | +1.2% |
| Materials | +0.2% |
| Consumer Products | +0.1% |
| Healthcare | +0.1% |
| Services | -0.0% |
| Financial | 0.0% |
| Industrial | -0.2% |
| Utilities | -0.4% |
| Technology & Communications | -0.5% |
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Also see:
Industrial Stocks Hedge Funds Are Buying
OIBR Options Chain
Top Ten Hedge Funds Holding GTEK
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
