MKTX

Thursday Sector Laggards: Financial, Utilities

The worst performing sector as of midday Thursday is the Financial sector, showing a 1.5% loss. Within that group, Marketaxess Holdings Inc (Symbol: MKTX) and Crown Castle Inc (Symbol: CCI) are two of the day's laggards, showing a loss of 4.4% and 3.3%, respectively. Among financial ETFs, one ETF following the sector is the Financial Select Sector SPDR ETF (Symbol: XLF), which is down 0.9% on the day, and up 8.48% year-to-date. Marketaxess Holdings Inc, meanwhile, is down 26.30% year-to-date, and Crown Castle Inc, is down 8.87% year-to-date. MKTX makes up approximately 0.1% of the underlying holdings of XLF.

The next worst performing sector is the Utilities sector, showing a 1.4% loss. Among large Utilities stocks, AES Corp (Symbol: AES) and DTE Energy Co (Symbol: DTE) are the most notable, showing a loss of 4.4% and 2.3%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is down 1.3% in midday trading, and down 0.41% on a year-to-date basis. AES Corp, meanwhile, is down 20.87% year-to-date, and DTE Energy Co, is down 1.57% year-to-date. Combined, AES and DTE make up approximately 3.5% of the underlying holdings of XLU.

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:

Dividend Channel

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

Sector% Change
Energy+0.5%
Industrial-0.6%
Materials-0.9%
Services-1.0%
Technology & Communications-1.0%
Healthcare-1.1%
Consumer Products-1.2%
Utilities-1.4%
Financial-1.5%

25 Dividend Giants Widely Held By ETFs »

Also see:

• SM market cap history
• GERN Historical Stock Prices
• NRDS Videos

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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