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XLE

Thursday Sector Laggards: Energy, Services

In afternoon trading on Thursday, Energy stocks are the worst performing sector, showing a 3.5% loss. Within the sector, Noble Energy Inc (Symbol: NBL) and Williams Cos Inc (Symbol: WMB) are two of the day's laggards, showing a loss of 5.5% and 5.4%, respectively. Among energy ETFs , one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 3.1% on the day, and down 20.47% year-to-date. Noble Energy Inc, meanwhile, is down 36.62% year-to-date, and Williams Cos Inc , is down 28.30% year-to-date. Combined, NBL and WMB make up approximately 3.3% of the underlying holdings of XLE.

The next worst performing sector is the Services sector, showing a 3.0% loss. Among large Services stocks, Discovery Inc (Symbol: DISCK) and Discovery Inc (Symbol: DISCA) are the most notable, showing a loss of 6.9% and 6.6%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF ( IYC ), which is down 3.3% in midday trading, and down 3.22% on a year-to-date basis. Discovery Inc, meanwhile, is up 4.32% year-to-date, and Discovery Inc is up 6.61% year-to-date. Combined, DISCK and DISCA make up approximately 0.4% 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 Thursday. As you can see, none of the sectors are up on the day, while nine sectors are down.

Sector % Change
Utilities -1.2%
Materials -1.7%
Industrial -2.2%
Financial -2.3%
Healthcare -2.5%
Technology & Communications -2.5%
Consumer Products -2.7%
Services -3.0%
Energy -3.5%

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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.

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XLE WMB DISCK NBL IYC

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