Markets
XLB

Friday Sector Laggards: Energy, Materials

Shutterstock photo
Shutterstock photo

Shutterstock photo

The worst performing sector as of midday Friday is the Energy sector, showing a 0.6% loss. Within the sector, ConocoPhillips (Symbol: COP) and Valero Energy Corp. (Symbol: VLO) are two large stocks that are lagging, showing a loss of 2.1% and 2.0%, respectively. Among energy ETFs , one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 0.8% on the day, and down 4.66% year-to-date. ConocoPhillips, meanwhile, is down 5.08% year-to-date, and Valero Energy Corp., is down 3.44% year-to-date. Combined, COP and VLO make up approximately 5.7% of the underlying holdings of XLE.

The next worst performing sector is the Materials sector, showing a 0.5% loss. Among large Materials stocks, WestRock Co (Symbol: WRK) and International Paper Co (Symbol: IP) are the most notable, showing a loss of 3.2% and 2.1%, 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 5.05% on a year-to-date basis. WestRock Co, meanwhile, is up 4.39% year-to-date, and International Paper Co, is down 0.60% year-to-date. Combined, WRK and IP make up approximately 6.2% 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:

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, three sectors are up on the day, while five sectors are down.

Sector % Change
Consumer Products +0.4%
Healthcare +0.2%
Services +0.1%
Technology & Communications 0.0%
Industrial -0.2%
Utilities -0.3%
Financial -0.4%
Materials -0.5%
Energy -0.6%

10 ETFs With Stocks That Insiders Are Buying »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

XLB COP XLE VLO WRK

Latest Markets Videos

    BNK Invest

    BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.

    Learn More