Thursday Sector Laggards: Energy, Utilities

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The worst performing sector as of midday Thursday is the Energy sector, showing a 1.6% loss. Within that group, Concho Resources Inc (Symbol: CXO) and ConocoPhillips (Symbol: COP) are two large stocks that are lagging, showing a loss of 4.3% and 3.9%, respectively. Among energy ETFs , one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 1.5% on the day, and down 2.32% year-to-date. Concho Resources Inc, meanwhile, is down 8.92% year-to-date, and ConocoPhillips is up 24.67% year-to-date. Combined, CXO and COP make up approximately 7.6% of the underlying holdings of XLE.

The next worst performing sector is the Utilities sector, showing a 0.4% loss. Among large Utilities stocks, NRG Energy Inc (Symbol: NRG) and American Water Works Co, Inc. (Symbol: AWK) are the most notable, showing a loss of 4.0% and 1.6%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF ( XLU ), which is down 0.3% in midday trading, and up 6.31% on a year-to-date basis. NRG Energy Inc, meanwhile, is up 29.80% year-to-date, and American Water Works Co, Inc., is down 1.61% year-to-date. Combined, NRG and AWK make up approximately 3.2% 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:

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

Sector % Change
Services +0.5%
Financial +0.1%
Technology & Communications +0.1%
Consumer Products -0.0%
Healthcare -0.1%
Industrial -0.1%
Materials -0.2%
Utilities -0.4%
Energy -1.6%

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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 , Investing Ideas
Referenced Symbols: XLU , CXO , COP , XLE , NRG

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