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Friday Sector Laggards: Financial, Energy


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The worst performing sector as of midday Friday is the Financial sector, showing a 1.1% loss. Within that group, PNC Financial Services Group (Symbol: PNC) and KeyCorp (Symbol: KEY) are two large stocks that are lagging, showing a loss of 6.5% and 4.1%, respectively. Among financial ETFs , one ETF following the sector is the Financial Select Sector SPDR ETF (Symbol: XLF), which is down 0.9% on the day, and down 5.03% year-to-date. PNC Financial Services Group , meanwhile, is down 13.06% year-to-date, and KeyCorp, is down 6.57% year-to-date. Combined, PNC and KEY make up approximately 2.5% of the underlying holdings of XLF.

The next worst performing sector is the Energy sector, showing a 0.8% loss. Among large Energy stocks, Cimarex Energy Co (Symbol: XEC) and ONEOK Inc (Symbol: OKE) are the most notable, showing a loss of 3.6% and 2.0%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF ( XLE ), which is down 1.1% in midday trading, and up 1.69% on a year-to-date basis. Cimarex Energy Co, meanwhile, is down 24.95% year-to-date, and ONEOK Inc is up 24.00% year-to-date. Combined, XEC and OKE make up approximately 2.7% of the underlying holdings of XLE.

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:

Canada Stock Channel

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, three sectors are up on the day, while five sectors are down.

Sector % Change
Technology & Communications +1.1%
Services +0.7%
Healthcare +0.6%
Industrial 0.0%
Consumer Products -0.4%
Materials -0.4%
Utilities -0.5%
Energy -0.8%
Financial -1.1%

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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 , Investing Ideas
Referenced Symbols: XLE , PNC , KEY , XLF , XEC



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