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27 January
Monday Sector Laggards: Technology & Communications, Energy

In afternoon trading on Monday, Technology & Communications stocks are the worst performing sector, showing a 2.9% loss. Within that group, Arista Networks Inc (Symbol: ANET) and Broadcom Inc (Symbol: AVGO) are two large stocks that are lagging, showing a loss of 23.6% and 19.3%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is down 5.5% on the day, and down 2.73% year-to-date. Arista Networks Inc, meanwhile, is down 10.74% year-to-date, and Broadcom Inc, is down 14.81% year-to-date. Combined, ANET and AVGO make up approximately 6.5% of the underlying holdings of XLK.

The next worst performing sector is the Energy sector, showing a 2.6% loss. Among large Energy stocks, EQT Corp (Symbol: EQT) and Kinder Morgan Inc. (Symbol: KMI) are the most notable, showing a loss of 11.0% and 9.4%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF (XLE), which is down 1.4% in midday trading, and up 5.08% on a year-to-date basis. EQT Corp, meanwhile, is up 3.60% year-to-date, and Kinder Morgan Inc. is up 0.11% year-to-date. Combined, EQT and KMI make up approximately 5.7% of the underlying holdings of XLE.

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 Monday. As you can see, four sectors are up on the day, while four sectors are down.

Sector% Change
Healthcare+1.3%
Consumer Products+1.2%
Services+0.9%
Financial+0.6%
Materials0.0%
Industrial-1.0%
Utilities-1.4%
Energy-2.6%
Technology & Communications-2.9%
Also see:

Prem Watsa Stock Picks
PNRG Historical Stock Prices
TYNS shares outstanding history

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