Telecom and Technology Stocks Slump While Consumer Staples Stocks Rally - U.S Daily Sector Wrap
Stocks slumped 0.8% today led by the 2.0% decline in Telecom stocks and the 1.6% decline in Technology, while Consumer Staples stocks performed best with a 1.1% gain
Aug 17, 2022 by Kwhen Finance Editors
U.S. stocks fell by 0.8% today fueled by a 2.0% decline in telecom stocks and a 1.6% decline in technology stocks. Telecom stocks are currently down 17.0% year-to-date, and down 18.5% over the past 12 months. Technology stocks are currently down 18.0% year-to-date, and down 10.1% over the past 12 months. Meanwhile, the S&P 500 Index is currently down 8.8% year-to-date, and down 2.5% over the past 12 months. The Dow Jones Industrial Average is currently down 5.0% year-to-date, and down 2.4% over the past 12 months.
Sector Performance
- The S&P 500 Index fell with a 0.8% decline.
- Consumer Staples stocks rose the most with a 1.1% gain.
- Telecom stocks fell the most with a 2.0% decline.
- Others sectors that gained include Consumer Discretionary, Energy and Financials, which rose by an average of 0.8%.
- Others sectors that declined include Technology and Real Estate, which fell by an average of -1.0%.
| Name | Ticker | DoD %Δ | YTD %Δ | 1 Yr %Δ | 2 Yr %Δ | 5 Yr %Δ |
|---|---|---|---|---|---|---|
| Market | ||||||
| S&P 500 Index | IVV | -0.75% | -8.8% | -2.5% | +30.9% | +88.4% |
| Gainers | ||||||
| Consumer Staples | XLP | +1.1% | +0.5% | +7.6% | +25.6% | +56.8% |
| Consumer Discretionary | XLY | +1.1% | -15.3% | -3.9% | +21.9% | +102.1% |
| Energy | IYE | +0.76% | +41.4% | +65.6% | +117.5% | +43.6% |
| Financials | IYF | +0.58% | -7.2% | -4.4% | +39.2% | +58.2% |
| Industrials | IYJ | +0.41% | -8.6% | -9.6% | +24.3% | +59.3% |
| Utilities | IDU | +0.15% | +9.0% | +14.6% | +33.3% | +58.9% |
| Materials | IYM | 0.0% | -6.0% | -1.4% | +35.1% | +55.3% |
| Health Care | IYH | 0.0% | -6.0% | -2.6% | +24.8% | +79.8% |
| Losers | ||||||
| Telecom | IYZ | -2.0% | -17.0% | -18.5% | -3.0% | -9.4% |
| Technology | IYW | -1.6% | -18.0% | -10.1% | +28.9% | +162.9% |
| Real Estate | IYR | -0.42% | -10.8% | -1.8% | +30.7% | +47.0% |
Relative Sector Performance
- Relative to the S&P 500 Index, Consumer Staples sector stocks outperformed the most by +1.9%. Consumer Discretionary sector stocks were the next best performers with a relative outperformance of +1.9%.
- Additional sectors that outperformed the S&P 500 Index included Energy, Financials and Industrials by an average of +1.3%.
- Relative to the S&P 500 Index, Telecom sector stocks underperformed the most by -1.2%. Technology sector stocks were the next worst performers with a relative underperformance of -0.8%.
| Name | Ticker | DoD %Δ | YTD %Δ | 1 Yr %Δ | 2 Yr %Δ | 5 Yr %Δ |
|---|---|---|---|---|---|---|
| Market | ||||||
| S&P 500 Index | IVV | -0.75% | -8.8% | -2.5% | +30.9% | +88.4% |
| Relative Outperformers | ||||||
| Consumer Staples | XLP | +1.9% | +9.3% | +10.1% | -5.3% | -31.6% |
| Consumer Discretionary | XLY | +1.9% | -6.4% | -1.4% | -9.0% | +13.6% |
| Energy | IYE | +1.5% | +50.3% | +68.1% | +86.6% | -44.8% |
| Financials | IYF | +1.3% | +1.6% | -1.9% | +8.3% | -30.2% |
| Industrials | IYJ | +1.2% | +0.2% | -7.1% | -6.6% | -29.2% |
| Utilities | IDU | +0.90% | +17.8% | +17.0% | +2.5% | -29.6% |
| Materials | IYM | +0.75% | +2.8% | +1.0% | +4.3% | -33.2% |
| Health Care | IYH | +0.75% | +2.8% | -0.2% | -6.1% | -8.7% |
| Real Estate | IYR | +0.33% | -2.0% | +0.7% | -0.1% | -41.4% |
| Relative Underperformers | ||||||
| Telecom | IYZ | -1.2% | -8.1% | -16.0% | -33.9% | -97.8% |
| Technology | IYW | -0.82% | -9.1% | -7.7% | -2.0% | +74.5% |
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