Looking at the sectors faring worst as of midday Thursday, shares of Utilities companies are underperforming other sectors, showing a 0.6% loss. Within that group, AES Corp. (Symbol: AES) and Duke Energy Corp (Symbol: DUK) are two large stocks that are lagging, showing a loss of 1.9% and 1.3%, respectively. Among utilities ETFs , one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.6% on the day, and down 6.09% year-to-date. AES Corp., meanwhile, is up 13.67% year-to-date, and Duke Energy Corp, is down 10.77% year-to-date. Combined, AES and DUK make up approximately 9.5% of the underlying holdings of XLU.
The next worst performing sector is the Technology & Communications sector, showing a 0.6% loss. Among large Technology & Communications stocks, Micron Technology Inc. (Symbol: MU) and Cisco Systems Inc (Symbol: CSCO) are the most notable, showing a loss of 3.9% and 3.4%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF ( XLK ), which is down 0.7% in midday trading, and up 8.28% on a year-to-date basis. Micron Technology Inc., meanwhile, is up 32.05% year-to-date, and Cisco Systems Inc is up 15.48% year-to-date. Combined, MU and CSCO make up approximately 4.3% of the underlying holdings of XLK.
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, two sectors are up on the day, while five sectors are down.
Technology & Communications