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Thursday Sector Laggards: Utilities, Energy

In afternoon trading on Thursday, Utilities stocks are the worst performing sector, showing a 1.5% loss. Within that group, American Electric Power Co Inc (Symbol: AEP) and Entergy Corp (Symbol: ETR) are two large stocks that are lagging, showing a loss of 3.2% and 2.7%, respectively. Among utilities ETFs , one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 1.7% on the day, and up 5.55% year-to-date. American Electric Power Co Inc, meanwhile, is up 1.98% year-to-date, and Entergy Corp is up 5.34% year-to-date. Combined, AEP and ETR make up approximately 7.0% of the underlying holdings of XLU.

The next worst performing sector is the Energy sector, up 0.9%. Among large Energy stocks, EQT Corp (Symbol: EQT) and Williams Cos Inc (Symbol: WMB) are the most notable, showing a loss of 14.2% and 0.5%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF ( XLE ), which is up 1.4% in midday trading, and down 5.04% on a year-to-date basis. EQT Corp, meanwhile, is down 38.83% year-to-date, and Williams Cos Inc , is down 14.23% year-to-date. Combined, EQT and WMB make up approximately 3.3% of the underlying holdings of XLE.

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, eight sectors are up on the day, while one sector is down.

Sector % Change
Technology & Communications +2.9%
Materials +2.1%
Services +2.0%
Financial +1.8%
Industrial +1.5%
Consumer Products +1.1%
Healthcare +1.1%
Energy +0.9%
Utilities -1.5%

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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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EQT XLU XLE ETR AEP

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