Wednesday Sector Leaders: Energy, Financial

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The best performing sector as of midday Wednesday is the Energy sector, up 3.2%. Within the sector, Newfield Exploration Co (Symbol: NFX) and Cimarex Energy Co (Symbol: XEC) are two large stocks leading the way, showing a gain of 5.5% and 5.1%, respectively. Among energy ETFs , one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is up 3.3% on the day, and up 6.97% year-to-date. Newfield Exploration Co, meanwhile, is down 6.66% year-to-date, and Cimarex Energy Co, is down 21.47% year-to-date. Combined, NFX and XEC make up approximately 1.1% of the underlying holdings of XLE.

The next best performing sector is the Financial sector, up 1.9%. Among large Financial stocks, CME Group (Symbol: CME) and Brighthouse Financial Inc (Symbol: BHF) are the most notable, showing a gain of 4.6% and 4.1%, respectively. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF ( XLF ), which is up 2.1% in midday trading, and down 1.11% on a year-to-date basis. CME Group, meanwhile, is up 14.11% year-to-date, and Brighthouse Financial Inc, is down 17.63% year-to-date. Combined, CME and BHF make up approximately 1.8% 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:

Dividend Channel

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, nine sectors are up on the day, while none of the sectors are down.

Sector % Change
Energy +3.2%
Financial +1.9%
Healthcare +1.7%
Industrial +1.3%
Consumer Products +1.2%
Materials +1.2%
Utilities +1.0%
Services +0.9%
Technology & Communications +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 , NFX , XEC , XLE , CME

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