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Tuesday Stock Sector Performance Stock Sectors in Focus: Tech and Consumer Products

Technology & Communications Suffers Losses

The Technology & Communications sector experienced a 0.6% loss as of midday Tuesday. Notable laggards for the day include Advanced Micro Devices Inc (Symbol: AMD) and Micron Technology Inc. (Symbol: MU), which saw losses of 3.9% and 3.1%, respectively.

The Technology Select Sector SPDR ETF (Symbol: XLK) also struggled, down by 0.9% for the day but up by 4.80% year-to-date. Advanced Micro Devices Inc saw an increase of 15.95% year-to-date, while Micron Technology Inc. increased by 1.22% year-to-date. Both companies collectively make up approximately 4.0% of XLK’s underlying holdings.

Consumer Products Shows Modest Improvement

The next worst performing sector was Consumer Products, showing a slight upturn of 0.1%. Whirlpool Corp (Symbol: WHR) and Smith (A O) Corp (Symbol: AOS) were notable underperformers, with losses of 5.4% and 3.8%, respectively. The iShares U.S. Consumer Goods ETF (IYK) managed a 0.5% gain in midday trading and a 1.25% year-to-date increase.

Whirlpool Corp and Smith (A O) Corp experienced year-to-date losses of 8.45% and 5.14%, respectively, showcasing a challenging year for these Consumer Products stocks.

S&P 500 Components And Sector Performance

Comparing various sectors within the S&P 500, data reflected that eight sectors were up for the day, while a single sector, Technology & Communications, was down.

Sector% Change
Consumer Products+0.1%
Technology & Communications-0.6%

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