Looking at the sectors faring worst as of midday Friday, shares of Technology & Communications companies are underperforming other sectors, showing a 1.1% loss. Within that group, Super Micro Computer Inc (Symbol: SMCI) and Palantir Technologies Inc (Symbol: PLTR) are two large stocks that are lagging, showing a loss of 5.0% and 3.7%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is down 1.5% on the day, and up 23.94% year-to-date. Super Micro Computer Inc, meanwhile, is up 12.70% year-to-date, and Palantir Technologies Inc is up 360.69% year-to-date. Combined, SMCI and PLTR make up approximately 1.9% of the underlying holdings of XLK.
The next worst performing sector is the Industrial sector, showing a 1.0% loss. Among large Industrial stocks, Norwegian Cruise Line Holdings Ltd (Symbol: NCLH) and Quanta Services, Inc. (Symbol: PWR) are the most notable, showing a loss of 3.0% and 2.5%, respectively. One ETF closely tracking Industrial stocks is the Industrial Select Sector SPDR ETF (XLI), which is down 0.9% in midday trading, and up 18.40% on a year-to-date basis. Norwegian Cruise Line Holdings Ltd, meanwhile, is up 27.45% year-to-date, and Quanta Services, Inc. is up 49.56% year-to-date. PWR makes up approximately 1.2% of the underlying holdings of XLI.
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 Friday. As you can see, none of the sectors are up on the day, while nine sectors are down.
| Sector | % Change |
|---|---|
| Energy | -0.1% |
| Consumer Products | -0.5% |
| Utilities | -0.5% |
| Healthcare | -0.6% |
| Materials | -0.7% |
| Services | -0.9% |
| Financial | -0.9% |
| Industrial | -1.0% |
| Technology & Communications | -1.1% |
Also see:
• Top Ten Hedge Funds Holding DPRX
• OXBT Historical Stock Prices
• ARTNA Next Dividend Date
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.