Thursday Sector Laggards: Energy, Financial

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In afternoon trading on Thursday, Energy stocks are the worst performing sector, showing a 0.9% loss. Within the sector, Cimarex Energy Co (Symbol: XEC) and Marathon Oil Corp. (Symbol: MRO) are two large stocks that are lagging, showing a loss of 5.2% and 5.2%, respectively. Among energy ETFs , one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 0.9% on the day, and down 6.07% year-to-date. Cimarex Energy Co, meanwhile, is down 20.53% year-to-date, and Marathon Oil Corp., is down 5.11% year-to-date. Combined, XEC and MRO make up approximately 1.9% of the underlying holdings of XLE.

The next worst performing sector is the Financial sector, up 0.2%. Among large Financial stocks, Equinix Inc (Symbol: EQIX) and Franklin Resources, Inc. (Symbol: BEN) are the most notable, showing a loss of 6.6% and 2.6%, respectively. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF ( XLF ), which is up 0.1% in midday trading, and up 3.55% on a year-to-date basis. Equinix Inc, meanwhile, is down 10.17% year-to-date, and Franklin Resources, Inc., is down 10.52% year-to-date. BEN makes up approximately 0.4% of the underlying holdings of XLF.

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:

Energy Stock Channel

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

Sector % Change
Utilities +1.5%
Technology & Communications +1.2%
Consumer Products +0.9%
Healthcare +0.9%
Industrial +0.9%
Services +0.6%
Materials +0.6%
Financial +0.2%
Energy -0.9%

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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: XLF , XEC , MRO , XLE , EQIX

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