In Wednesday afternoon of trading, materials stocks were the worst performing sector, posting a loss of 0.8%. Within this group, Eastman Chemical Co (symbol: EMN) and Nucor Corp. (ticker: NUE) are two large lagging stocks, posting a loss of 3.0% and 2.6%, respectively. From High volume ETFs, the Materials Select Sector SPDR ETF (ticker: XLB), which closely tracks materials stocks, is down 0.8% on the day and up 22.71% year-to-date . Eastman Chemical Co, meanwhile, is up 14.92% year-to-date, and Nucor Corp. is up 120.88% year-to-date. Together, EMN and NUE represent approximately 5.0% of the underlying holdings of XLB.
The second worst performing sector is the consumer products sector, posting a loss of 0.7%. Among the major consumer stocks, Tapestry Inc (ticker: TPR) and Constellation Brands Inc (ticker: STZ) were the most notable, posting losses of 4.1% and 2.3%, respectively. The iShares US Consumer Goods (IYK) ETF, which closely tracks consumer products stocks, is down 0.8% at midday and up 9.19% year-to-date . Tapestry Inc, meanwhile, is up 42.76% year-to-date, and Constellation Brands Inc is up 7.10% year-to-date. STZ represents approximately 2.0% of IYK’s underlying holdings.
Comparing these stocks and ETFs on a rolling twelve month basis, below is a chart of relative stock price performance, with each of the symbols displayed in a different color, as shown in the legend at the bottom:
Here is a look at how the components of the S&P 500 have evolved across sectors on Wednesday afternoon. As you can see, two sectors are up on this day while five sectors are down.
| Sector | % Switch |
|---|---|
| Energy | + 0.9% |
| Financial | + 0.1% |
| Utilities | 0.0% |
| Technology and communication | -0.0% |
| Industrial | -0.2% |
| Health care | -0.4% |
| Services | -0.6% |
| Consumer products | -0.7% |
| Materials | -0.8% |
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