Tuesday Sector Laggards: Materials, Services

The worst performing sector as of midday Tuesday is the Materials sector, higher by 0.1%. Within that group, Newmont Mining Corp. (NYSE: NEM) and Freeport-McMoran Copper & Gold (NYSE: FCX) are two of the day’s laggards, showing a loss of 3.2% and 1.5%, respectively. Among the high volume ETFs, one ETF closely following materials stocks is the Materials Select Sector SPDR ETF (AMEX: XLB), which is down 0.1% on the day, and up 5.45% year-to-date. Newmont Mining Corp. , meanwhile, is down 1.04% year-to-date, and Freeport-McMoran Copper & Gold, is down 8.49% year-to-date. Combined, NEM and FCX make up approximately 7.8% of the underlying holdings of XLB.
Source: Markets