Tuesday Sector Laggards: Utilities, Energy

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The worst performing sector as of midday Tuesday is the Utilities sector, higher by 0.4%. Within the sector, CenterPoint Energy, Inc (Symbol: CNP) and Evergy Inc (Symbol: EVRG) are two large stocks that are lagging, showing a loss of 0.3% and 0.2%, respectively. Among utilities ETFs , one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is up 0.4% on the day, and up 2.69% year-to-date. CenterPoint Energy, Inc, meanwhile, is up 1.18% year-to-date, and Evergy Inc is up 10.45% year-to-date. Combined, CNP and EVRG make up approximately 4.1% of the underlying holdings of XLU.

The next worst performing sector is the Energy sector, higher by 0.4%. Among large Energy stocks, Williams Cos Inc (Symbol: WMB) and Cimarex Energy Co (Symbol: XEC) are the most notable, showing a loss of 1.9% and 0.9%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF ( XLE ), which is up 0.1% in midday trading, and up 4.38% on a year-to-date basis. Williams Cos Inc , meanwhile, is up 0.98% year-to-date, and Cimarex Energy Co, is down 29.64% year-to-date. Combined, WMB and XEC make up approximately 2.5% 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:

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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 Tuesday. As you can see, nine sectors are up on the day, while none of the sectors are down.

Sector % Change
Services +1.7%
Consumer Products +1.0%
Financial +1.0%
Industrial +0.9%
Healthcare +0.7%
Materials +0.7%
Technology & Communications +0.6%
Utilities +0.4%
Energy +0.4%

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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 , CNP , EVRG , XLU , WMB

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