News Reality

Thursday Sector Laggards: Industrial, Consumer Products

by www.forbes.com
The worst performing sector as of midday Thursday is the Industrial sector, showing a 1.6% loss. Within that group, L-3 Communications Holdings (NYSE: LLL) and Pentair (NYSE: PNR) are two large stocks that are lagging, showing a loss of 15.6% and 7.2%, respectively. Among industrial ETFs, one ETF following the sector is the Industrial Select Sector SPDR ETF (AMEX: XLI), which is down 1.4% on the day, and up 0.67% year-to-date. L-3 Communications Holdings, meanwhile, is down 4.36% year-to-date, and Pentair, is down 15.82% year-to-date. Combined, LLL and PNR make up approximately 1.2% of the underlying holdings of XLI.
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