Markets

Thursday Sector Laggards: Utilities, Financial

Shutterstock photo
Shutterstock photo

Shutterstock photo

In afternoon trading on Thursday, Utilities stocks are the worst performing sector, showing a 0.1% loss. Within that group, PG&E Corp (Symbol: PCG) and Southern Company (Symbol: SO) are two of the day's laggards, showing a loss of 1.6% and 1.4%, respectively. Among utilities ETFs , one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.2% on the day, and down 3.89% year-to-date. PG&E Corp , meanwhile, is down 2.25% year-to-date, and Southern Company , is down 5.78% year-to-date. Combined, PCG and SO make up approximately 10.6% of the underlying holdings of XLU.

The next worst performing sector is the Financial sector, not showing much of a gain. Among large Financial stocks, SBA Communications Corp (Symbol: SBAC) and American Tower Corp (Symbol: AMT) are the most notable, showing a loss of 2.6% and 2.0%, respectively. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF ( XLF ), which is up 0.1% in midday trading, and up 3.40% on a year-to-date basis. SBA Communications Corp , meanwhile, is down 4.11% year-to-date, and American Tower Corp , is down 5.52% year-to-date.

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

Sector % Change
Energy +2.5%
Services +1.5%
Industrial +1.0%
Materials +0.9%
Technology & Communications +0.6%
Healthcare +0.4%
Consumer Products +0.2%
Financial -0.0%
Utilities -0.1%

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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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SBAC XLU PCG SO XLF