Friday Sector Leaders: Utilities, Financial

In afternoon trading on Friday, Utilities stocks are the best performing sector, up 0.7%. Within that group, AES Corp. (Symbol: AES) and Public Service Enterprise Group Inc (Symbol: PEG) are two large stocks leading the way, showing a gain of 1.6% and 1.4%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is up 0.7% on the day, and up 15.31% year-to-date. AES Corp., meanwhile, is up 20.39% year-to-date, and Public Service Enterprise Group Inc is up 18.75% year-to-date. Combined, AES and PEG make up approximately 5.1% of the underlying holdings of XLU.

The next best performing sector is the Financial sector, not showing much of a loss. Among large Financial stocks, Weyerhaeuser Co (Symbol: WY) and Ventas Inc (Symbol: VTR) are the most notable, showing a gain of 2.1% and 1.6%, respectively. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF (XLF), which is flat on the day in midday trading, and up 14.67% on a year-to-date basis. Weyerhaeuser Co, meanwhile, is up 21.17% year-to-date, and Ventas Inc is up 16.16% year-to-date.

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, one sector is up on the day, while seven sectors are down.

Sector % Change
Utilities +0.7%
Financial -0.0%
Services -0.1%
Consumer Products -0.3%
Healthcare -0.6%
Industrial -0.6%
Materials -0.8%
Technology & Communications -1.3%
Energy -1.3%

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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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