Looking at the sectors faring worst as of midday Friday, shares of Consumer Products companies are underperforming other sectors, showing a 0.7% loss. Within that group, Lamb Weston Holdings Inc (Symbol: LW) and Nike (Symbol: NKE) are two of the day's laggards, showing a loss of 24.0% and 11.3%, respectively. Among consumer products ETFs, one ETF following the sector is the iShares U.S. Consumer Goods ETF (Symbol: IYK), which is flat on the day on the day, and up 5.46% year-to-date. Lamb Weston Holdings Inc, meanwhile, is down 30.32% year-to-date, and Nike, is down 20.92% year-to-date. LW makes up approximately 0.3% of the underlying holdings of IYK.
The next worst performing sector is the Utilities sector, showing a 0.5% loss. Among large Utilities stocks, Constellation Energy Corp (Symbol: CEG) and Pinnacle West Capital Corp (Symbol: PNW) are the most notable, showing a loss of 1.3% and 1.2%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is down 0.5% in midday trading, and up 15.73% on a year-to-date basis. Constellation Energy Corp, meanwhile, is up 60.00% year-to-date, and Pinnacle West Capital Corp is up 7.41% year-to-date. Combined, CEG and PNW make up approximately 9.3% 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:
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, seven sectors are up on the day, while two sectors are down.
| Sector | % Change |
|---|---|
| Technology & Communications | +1.5% |
| Healthcare | +0.9% |
| Industrial | +0.8% |
| Financial | +0.4% |
| Energy | +0.4% |
| Materials | +0.3% |
| Services | +0.1% |
| Utilities | -0.5% |
| Consumer Products | -0.7% |
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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.
