Markets

Friday Sector Leaders: Utilities, Financial

The best performing sector as of midday Friday is the Utilities sector, higher by 0.1%. Within that group, Evergy Inc (Symbol: EVRG) and Southern Company (Symbol: SO) are two large stocks leading the way, showing a gain of 1.2% and 1.0%, respectively. Among utilities ETFs , one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.2% on the day, and up 5.70% year-to-date. Evergy Inc, meanwhile, is up 14.52% year-to-date, and Southern Company , is down 0.32% year-to-date. Combined, EVRG and SO make up approximately 8.8% of the underlying holdings of XLU.

The next best performing sector is the Financial sector, losing just 0.4%. Among large Financial stocks, Cboe Global Markets Inc (Symbol: CBOE) and Public Storage (Symbol: PSA) are the most notable, showing a gain of 2.0% and 1.7%, respectively. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF ( XLF ), which is down 1.4% in midday trading, and down 16.08% on a year-to-date basis. Cboe Global Markets Inc, meanwhile, is down 19.88% year-to-date, and Public Storage is up 2.54% year-to-date. CBOE makes up approximately 0.4% 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, one sector is up on the day, while eight sectors are down.

Sector % Change
Utilities +0.1%
Financial -0.4%
Materials -0.4%
Energy -0.9%
Consumer Products -1.0%
Services -1.1%
Industrial -1.2%
Healthcare -1.7%
Technology & Communications -1.8%

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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.


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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CBOE XLU EVRG SO XLF

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