Thursday Sector Laggards: Utilities, Technology & Communications

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Shutterstock photo

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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.

Sector % Change
Energy +1.4%
Industrial +0.1%
Financial -0.0%
Materials -0.0%
Consumer Products -0.1%
Healthcare -0.1%
Services -0.5%
Utilities -0.6%
Technology & Communications -0.6%

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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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