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Monday Sector Laggards: Utilities, Services

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Shutterstock photo

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The worst performing sector as of midday Monday is the Utilities sector, up 0.3%. Within the sector, NextEra Energy Inc (Symbol: NEE) and Alliant Energy Corp (Symbol: LNT) are two of the day's laggards, showing a loss of 0.3% and 0.1%, respectively. Among utilities ETFs , one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is up 0.3% on the day, and up 7.65% year-to-date. NextEra Energy Inc, meanwhile, is up 11.86% year-to-date, and Alliant Energy Corp is up 6.22% year-to-date. Combined, NEE and LNT make up approximately 11.4% of the underlying holdings of XLU.

The next worst performing sector is the Services sector, up 0.5%. Among large Services stocks, Chipotle Mexican Grill Inc (Symbol: CMG) and CBS Corp (Symbol: CBS) are the most notable, showing a loss of 2.4% and 2.0%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF ( IYC ), which is up 0.6% in midday trading, and up 8.30% on a year-to-date basis. Chipotle Mexican Grill Inc, meanwhile, is up 23.92% year-to-date, and CBS Corp is up 3.19% year-to-date. Combined, CMG and CBS make up approximately 1.2% 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, nine sectors are up on the day, while none of the sectors are down.

Sector % Change
Healthcare +1.4%
Industrial +1.3%
Consumer Products +1.2%
Materials +1.2%
Technology & Communications +1.1%
Financial +0.8%
Energy +0.8%
Services +0.5%
Utilities +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

CMG XLU NEE IYC LNT

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