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Monday Sector Laggards: Utilities, Financial

Shutterstock photo
Shutterstock photo

Shutterstock photo

Looking at the sectors faring worst as of midday Monday, shares of Utilities companies are underperforming other sectors, showing a 0.5% loss. Within the sector, PG&E Corp (Symbol: PCG) and DTE Energy Co (Symbol: DTE) are two of the day's laggards, showing a loss of 4.6% and 2.4%, respectively. Among utilities ETFs , one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.4% on the day, and down 7.24% year-to-date. PG&E Corp , meanwhile, is down 11.80% year-to-date, and DTE Energy Co, is down 12.70% year-to-date. Combined, PCG and DTE make up approximately 5.8% of the underlying holdings of XLU.

The next worst performing sector is the Financial sector, showing a 0.2% loss. Among large Financial stocks, Assurant Inc (Symbol: AIZ) and Host Hotels & Resorts Inc (Symbol: HST) are the most notable, showing a loss of 2.9% and 2.4%, 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 0.97% on a year-to-date basis. Assurant Inc, meanwhile, is down 4.19% year-to-date, and Host Hotels & Resorts Inc is up 9.65% year-to-date. AIZ makes up approximately 0.1% 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 Monday. As you can see, seven sectors are up on the day, while two sectors are down.

Sector % Change
Energy +1.0%
Services +0.9%
Consumer Products +0.8%
Healthcare +0.5%
Technology & Communications +0.3%
Materials +0.3%
Industrial +0.1%
Financial -0.2%
Utilities -0.5%

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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

XLU PCG DTE XLF AIZ

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