Looking at the sectors faring worst as of midday Monday, shares of Utilities companies are underperforming other sectors, showing a 1.2% loss. Within that group, Evergy Inc (Symbol: EVRG) and Edison International (Symbol: EIX) are two large stocks that are lagging, showing a loss of 3.1% and 3.1%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 1.1% on the day, and down 5.43% year-to-date. Evergy Inc, meanwhile, is down 1.91% year-to-date, and Edison International, is down 26.81% year-to-date. Combined, EVRG and EIX make up approximately 4.1% of the underlying holdings of XLU.
The next worst performing sector is the Financial sector, showing a 0.2% loss. Among large Financial stocks, CBRE Group Inc (Symbol: CBRE) and Apartment Investment & Management Co (Symbol: AIV) are the most notable, showing a loss of 4.9% and 3.9%, respectively. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF (XLF), which is up 0.7% in midday trading, and down 20.42% on a year-to-date basis. CBRE Group Inc, meanwhile, is down 32.00% year-to-date, and Apartment Investment & Management Co, is down 26.20% 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 Monday. As you can see, six sectors are up on the day, while three sectors are down.
| Sector | % Change |
|---|---|
| Healthcare | +1.7% |
| Technology & Communications | +1.0% |
| Materials | +0.9% |
| Industrial | +0.7% |
| Energy | +0.6% |
| Services | +0.5% |
| Consumer Products | -0.1% |
| Financial | -0.2% |
| Utilities | -1.2% |
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
