Thursday Sector Laggards: Technology & Telecommunications, Consumer Products

As of midday Thursday, the worst performing sector was technology and communications, down 0.4%. Within this group, Epam Systems, Inc. (symbol: EPAM) and Airbnb Inc. (symbol: ABNB) were the two laggards, with declines of 25.8% and 6.9%, respectively. Among the technology ETFs, one ETF that follows this sector is the Technology Select Sector SPDR ETF (symbol: XLK), which is down 0.1% on the day and is up 6.47% year-to-date. On the other hand, Epam Systems, Inc. is down 37.83% since the beginning of the year, and Airbnb Inc. is up 8.00% since the beginning of the year. EPAM represents approximately 0.1% of XLK's underlying holdings.

The next worst performing sector was the consumer products sector, up 0.5%. Among the large-cap consumer staples stocks, Tesla Inc. (symbol: TSLA) and McCormick & Company Inc. (symbol: MKC) were the hottest, falling 1.4% and 1.1%, respectively. One ETF that closely tracks consumer products stocks is the iShares U.S. Consumer Goods ETF (IYK), which was up 0.5% in midday trading and is up 5.96% on a year-to-date basis. On the other hand, Tesla is down 30.65% since the beginning of the year, while McCormick & Company is up 9.81% since the beginning of the year. MKC accounts for about 0.9% of his underlying holdings in IYK.

Below is a relative price performance chart comparing these stocks and ETFs on a trailing 12-month basis. Each symbol is displayed in a different color as indicated in the legend at the bottom.

Below is a snapshot of how S&P 500 constituents in various sectors performed in Thursday afternoon trading. As you can see, on this day he had 8 sectors up and 1 sector down.

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See also:

• List of public sector dividend stocks
•GBTG video
• UI shares raw history

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