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Monday Sector Laggards: Energy, Services

Shutterstock photo
Shutterstock photo

Shutterstock photo

The worst performing sector as of midday Monday is the Energy sector, showing a 0.3% loss. Within that group, Southwestern Energy Company (Symbol: SWN) and EQT Corp (Symbol: EQT) are two large stocks that are lagging, showing a loss of 2.8% and 2.7%, respectively. Among energy ETFs , one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is up 0.1% on the day, and down 2.60% year-to-date. Southwestern Energy Company, meanwhile, is down 19.09% year-to-date, and EQT Corp, is down 4.27% year-to-date. Combined, SWN and EQT make up approximately 1.1% of the underlying holdings of XLE.

The next worst performing sector is the Services sector, not showing much of a gain. Among large Services stocks, Expedia Inc (Symbol: EXPE) and The Gap Inc (Symbol: GPS) are the most notable, showing a loss of 2.3% and 1.8%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF ( IYC ), which is up 0.3% in midday trading, and up 4.72% on a year-to-date basis. Expedia Inc, meanwhile, is up 5.81% year-to-date, and The Gap Inc is up 7.64% year-to-date. Combined, EXPE and GPS make up approximately 0.7% of the underlying holdings of IYC.

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

Sector % Change
Financial +1.0%
Industrial +1.0%
Materials +1.0%
Healthcare +0.5%
Technology & Communications +0.5%
Consumer Products +0.2%
Utilities +0.2%
Services 0.0%
Energy -0.3%

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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.


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

EQT XLE SWN IYC EXPE

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