Wednesday Sector Laggards: Energy, Materials

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In afternoon trading on Wednesday, Energy stocks are the worst performing sector, showing a 1.7% loss. Within that group, Newfield Exploration Co (Symbol: NFX) and Range Resources Corp (Symbol: RRC) are two of the day's laggards, showing a loss of 6.0% and 4.1%, respectively. Among energy ETFs , one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 1.1% on the day, and down 6.66% year-to-date. Newfield Exploration Co, meanwhile, is down 29.04% year-to-date, and Range Resources Corp, is down 51.59% year-to-date. Combined, NFX and RRC make up approximately 1.5% of the underlying holdings of XLE.

The next worst performing sector is the Materials sector, showing a 0.6% loss. Among large Materials stocks, Martin Marietta Materials, Inc. (Symbol: MLM) and Goodyear Tire & Rubber Co. (Symbol: GT) are the most notable, showing a loss of 2.0% and 1.9%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF ( XLB ), which is down 0.5% in midday trading, and up 20.28% on a year-to-date basis. Martin Marietta Materials, Inc., meanwhile, is down 8.12% year-to-date, and Goodyear Tire & Rubber Co. is up 3.79% year-to-date. MLM makes up approximately 2.4% of the underlying holdings of XLB.

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 Wednesday. As you can see, four sectors are up on the day, while four sectors are down.

Sector % Change
Utilities +0.3%
Technology & Communications +0.3%
Industrial +0.2%
Financial +0.1%
Consumer Products 0.0%
Healthcare -0.1%
Services -0.4%
Materials -0.6%
Energy -1.7%

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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: XLB , NFX , RRC , XLE , MLM

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