Friday Sector Laggards: Energy, Utilities

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In afternoon trading on Friday, Energy stocks are the worst performing sector, showing a 0.6% loss. Within that group, Halliburton Company (Symbol: HAL) and Noble Energy Inc (Symbol: NBL) are two of the day's laggards, showing a loss of 2.5% and 2.3%, respectively. Among energy ETFs , one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 0.3% on the day, and up 7.00% year-to-date. Halliburton Company, meanwhile, is down 1.62% year-to-date, and Noble Energy Inc is up 17.54% year-to-date. Combined, HAL and NBL make up approximately 4.1% of the underlying holdings of XLE.

The next worst performing sector is the Utilities sector, showing a 0.2% loss. Among large Utilities stocks, NRG Energy Inc (Symbol: NRG) and CenterPoint Energy, Inc (Symbol: CNP) are the most notable, showing a loss of 1.8% and 0.8%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF ( XLU ), which is down 0.2% in midday trading, and down 6.99% on a year-to-date basis. NRG Energy Inc, meanwhile, is up 15.71% year-to-date, and CenterPoint Energy, Inc, is down 9.11% year-to-date. Combined, NRG and CNP make up approximately 3.3% of the underlying holdings of XLU.

Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:


Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Friday. As you can see, seven sectors are up on the day, while two sectors are down.

Sector % Change
Consumer Products +1.2%
Healthcare +0.6%
Services +0.5%
Materials +0.3%
Financial +0.2%
Industrial +0.2%
Technology & Communications +0.1%
Utilities -0.2%
Energy -0.6%

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing
Referenced Symbols: XLU , HAL , NBL , XLE , NRG

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