Wednesday Sector Laggards: Services, Technology & Communications

Looking at the sectors faring worst as of midday Wednesday, shares of Services companies are underperforming other sectors, up 0.6%. Within that group, Bed, Bath & Beyond, Inc. (NASD: BBBY) and Expedia Inc (NASD: EXPE) are two large stocks that are lagging, showing a loss of 4.1% and 1.2%, respectively. Among the largest ETFs, one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (AMEX: IYC), which is up 0.4% on the day, and up 6.44% year-to-date. Bed, Bath & Beyond, Inc., meanwhile, is down 35.38% year-to-date, and Expedia Inc is up 48.58% year-to-date. Combined, BBBY and EXPE make up approximately 0.7% of the underlying holdings of IYC.


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