Friday Sector Laggards: Energy, Services

In afternoon trading on Friday, Energy stocks are the worst performing sector, showing a 0.6% loss. Within that group, Baker Hughes, A GE Company (Symbol: BHGE) and Concho Resources Inc (Symbol: CXO) are two large stocks that are lagging, showing a loss of 3.5% and 3.1%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 0.1% on the day, and up 7.87% year-to-date. Baker Hughes, A GE Company, meanwhile, is up 5.16% year-to-date, and Concho Resources Inc, is down 2.76% year-to-date. Combined, BHGE and CXO make up approximately 2.9% of the underlying holdings of XLE.

The next worst performing sector is the Services sector, showing a 0.3% loss. Among large Services stocks, Foot Locker, Inc. (Symbol: FL) and Advance Auto Parts Inc (Symbol: AAP) are the most notable, showing a loss of 17.1% and 1.9%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF (IYC), which is up 0.1% in midday trading, and up 15.28% on a year-to-date basis. Foot Locker, Inc., meanwhile, is down 16.36% year-to-date, and Advance Auto Parts Inc, is down 0.39% year-to-date. Combined, FL and AAP make up approximately 0.5% of the underlying holdings of IYC.

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:

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

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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.

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