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.
Technology & Communications
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.