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Friday Sector Laggards: Financial, Services

July 14, 2017
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In afternoon trading on Friday, Financial stocks are the worst performing sector, up 0.1%. Within that group, CME Group (Symbol: CME) and Intercontinental Exchange Incorporated (Symbol: ICE) are two large stocks that are lagging, showing a loss of 2.2% and 2.0%, respectively. Among financial ETFs , one ETF following the sector is the Financial Select Sector SPDR ETF (Symbol: XLF), which is down 0.7% on the day, and up 7.68% year-to-date. CME Group, meanwhile, is up 5.74% year-to-date, and Intercontinental Exchange Incorporated is up 16.93% year-to-date. Combined, CME and ICE make up approximately 2.6% of the underlying holdings of XLF.

The next worst performing sector is the Services sector, higher by 0.3%. Among large Services stocks, Wynn Resorts Ltd (Symbol: WYNN) and Tiffany & Co. (Symbol: TIF) are the most notable, showing a loss of 3.4% and 2.5%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF ( IYC ), which is up 0.2% in midday trading, and up 9.43% on a year-to-date basis. Wynn Resorts Ltd, meanwhile, is up 51.86% year-to-date, and Tiffany & Co. is up 19.58% year-to-date. Combined, WYNN and TIF make up approximately 0.7% of the underlying holdings of IYC.

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:

Canada Stock Channel 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, nine sectors are up on the day, while none of the sectors are down.

Sector % Change
Healthcare +0.9%
Utilities +0.8%
Energy +0.8%
Technology & Communications +0.7%
Consumer Products +0.6%
Industrial +0.6%
Materials +0.5%
Services +0.3%
Financial +0.1%

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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.

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