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Tuesday Sector Laggards: Energy, Services

The worst performing sector as of midday Tuesday is the Energy sector, showing a 1.2% loss. Within that group, Marathon Petroleum Corp. (Symbol: MPC) and Occidental Petroleum Corp (Symbol: OXY) are two large stocks that are lagging, showing a loss of 3.3% and 3.0%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 1.1% on the day, and up 5.17% year-to-date. Marathon Petroleum Corp., meanwhile, is up 7.58% year-to-date, and Occidental Petroleum Corp, is down 34.03% year-to-date. Combined, MPC and OXY make up approximately 7.8% of the underlying holdings of XLE.

The next worst performing sector is the Services sector, showing a 0.8% loss. Among large Services stocks, Kohl's Corp. (Symbol: KSS) and Macy's Inc (Symbol: M) are the most notable, showing a loss of 19.2% and 10.9%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF (IYC), which is down 0.4% in midday trading, and up 24.26% on a year-to-date basis. Kohl's Corp., meanwhile, is down 25.86% year-to-date, and Macy's Inc, is down 45.68% year-to-date. Combined, KSS and M make up approximately 0.4% of the underlying holdings of IYC.

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 Tuesday. As you can see, four sectors are up on the day, while four sectors are down.

Sector % Change
Healthcare +0.9%
Technology & Communications +0.3%
Industrial +0.3%
Financial +0.2%
Utilities -0.0%
Materials -0.1%
Consumer Products -0.3%
Services -0.8%
Energy -1.2%

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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.

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