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Thursday Sector Laggards: Services, Consumer Products

This article is more than 8 years old.

The worst performing sector as of midday Thursday is the Services sector, showing a 0.3% loss. Within that group, Staples Inc (NASD: SPLS) and Wynn Resorts Ltd (NASD: WYNN) are two of the day's laggards, showing a loss of 2.9% and 1.7%, respectively. Among the largest ETFs, one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (AMEX: IYC), which is down 0.1% on the day, and up 3.85% year-to-date. Staples Inc, meanwhile, is down 10.71% year-to-date, and Wynn Resorts Ltd, is down 13.59% year-to-date. Combined, SPLS and WYNN make up approximately 0.7% of the underlying holdings of IYC.

The next worst performing sector is the Consumer Products sector, showing a 0.2% loss. Among large Consumer Products stocks, Coach, Inc. (NYSE: COH) and Keurig Green Mountain Inc (NASD: GMCR) are the most notable, showing a loss of 3.3% and 3.0%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF (IYK), which is down 0.3% in midday trading, and down 0.32% on a year-to-date basis. Coach, Inc., meanwhile, is up 9.53% year-to-date, and Keurig Green Mountain Inc, is down 13.53% year-to-date. Combined, COH and GMCR make up approximately 1.2% of the underlying holdings of IYK.

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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 Thursday. As you can see, three sectors are up on the day, while five sectors are down.

Sector % Change
Energy +0.5%
Financial +0.1%
Materials +0.1%
Healthcare 0.0%
Utilities -0.1%
Technology & Communications -0.1%
Industrial -0.1%
Consumer Products -0.2%
Services -0.3%