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Monday Sector Laggards: Utilities, Services

The worst performing sector as of midday Monday is the Utilities sector, showing a 0.3% loss. Within that group, Sempra Energy (Symbol: SRE) and NiSource Inc. (Symbol: NI) are two large stocks that are lagging, showing a loss of 2.9% and 0.7%, respectively. Among utilities ETFs , one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.3% on the day, and up 4.93% year-to-date. Sempra Energy, meanwhile, is up 5.86% year-to-date, and NiSource Inc. is up 4.91% year-to-date. Combined, SRE and NI make up approximately 5.6% of the underlying holdings of XLU.

The next worst performing sector is the Services sector, showing a 0.1% loss. Among large Services stocks, Expedia Group Inc (Symbol: EXPE) and CBS Corp (Symbol: CBS) are the most notable, showing a loss of 2.8% and 2.7%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF ( IYC ), which is down 0.2% in midday trading, and up 7.67% on a year-to-date basis. Expedia Group Inc, meanwhile, is up 12.86% year-to-date, and CBS Corp is up 10.29% year-to-date. Combined, EXPE and CBS make up approximately 1.0% 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, five sectors are up on the day, while two sectors are down.

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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.

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