In afternoon trading on Thursday, Energy stocks are the best performing sector, up 0.7%. Within the sector, Diamondback Energy, Inc. (Symbol: FANG) and EOG Resources, Inc. (Symbol: EOG) are two large stocks leading the way, showing a gain of 7.2% and 5.2%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is up 1.1% on the day, and up 32.94% year-to-date. Diamondback Energy, Inc., meanwhile, is up 65.66% year-to-date, and EOG Resources, Inc. is up 42.06% year-to-date. Combined, FANG and EOG make up approximately 5.6% of the underlying holdings of XLE.
The next best performing sector is the Utilities sector, up 0.6%. Among large Utilities stocks, CenterPoint Energy, Inc (Symbol: CNP) and American Water Works Co, Inc. (Symbol: AWK) are the most notable, showing a gain of 2.5% and 2.4%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is up 0.1% in midday trading, and down 6.12% on a year-to-date basis. CenterPoint Energy, Inc, meanwhile, is down 7.12% year-to-date, and American Water Works Co, Inc., is down 11.46% year-to-date. Combined, CNP and AWK make up approximately 4.2% 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:
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 seven sectors are down.
| Sector | % Change |
|---|---|
| Energy | +0.7% |
| Utilities | +0.6% |
| Healthcare | -1.7% |
| Consumer Products | -1.8% |
| Financial | -2.0% |
| Services | -2.5% |
| Industrial | -2.6% |
| Technology & Communications | -3.2% |
| Materials | -3.6% |
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.