In afternoon trading on Friday, Utilities stocks are the best performing sector, up 1.0%. Within that group, American Electric Power Co Inc (Symbol: AEP) and Alliant Energy Corp (Symbol: LNT) are two of the day's stand-outs, showing a gain of 2.3% and 2.1%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is up 1.0% on the day, and up 27.06% year-to-date. American Electric Power Co Inc, meanwhile, is up 22.44% year-to-date, and Alliant Energy Corp is up 22.22% year-to-date. Combined, AEP and LNT make up approximately 5.6% of the underlying holdings of XLU.
The next best performing sector is the Financial sector, higher by 0.1%. Among large Financial stocks, Berkley Corp (Symbol: WRB) and JPMorgan Chase & Co (Symbol: JPM) are the most notable, showing a gain of 1.5% and 1.3%, respectively. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF (XLF), which is up 0.3% in midday trading, and up 33.66% on a year-to-date basis. Berkley Corp, meanwhile, is up 30.11% year-to-date, and JPMorgan Chase & Co is up 46.81% year-to-date. Combined, WRB and JPM make up approximately 10.5% 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:
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, two sectors are up on the day, while seven sectors are down.
| Sector | % Change |
|---|---|
| Utilities | +1.0% |
| Financial | +0.1% |
| Materials | -0.4% |
| Energy | -0.4% |
| Consumer Products | -0.7% |
| Industrial | -1.0% |
| Healthcare | -1.2% |
| Services | -1.4% |
| Technology & Communications | -1.6% |
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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.
