Tuesday Sector Laggards: Financial, Utilities

Looking at the sectors faring worst as of midday Tuesday, shares of Financial companies are underperforming other sectors, showing a 0.1% loss. Within that group, Wells Fargo & Co (Symbol: WFC) and SVB Financial Group (Symbol: SIVB) are two of the day's laggards, showing a loss of 5.2% and 4.0%, respectively. Among financial ETFs, one ETF following the sector is the Financial Select Sector SPDR ETF (Symbol: XLF), which is flat on the day on the day, and down 22.48% year-to-date. Wells Fargo & Co , meanwhile, is down 53.36% year-to-date, and SVB Financial Group, is down 17.98% year-to-date. Combined, WFC and SIVB make up approximately 3.8% of the underlying holdings of XLF.

The next worst performing sector is the Utilities sector, up 0.3%. Among large Utilities stocks, Public Service Enterprise Group Inc (Symbol: PEG) and NiSource Inc. (Symbol: NI) are the most notable, showing a loss of 1.3% and 1.2%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is up 0.5% in midday trading, and down 8.62% on a year-to-date basis. Public Service Enterprise Group Inc, meanwhile, is down 11.72% year-to-date, and NiSource Inc. , is down 13.22% year-to-date. Combined, PEG and NI make up approximately 4.4% 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 Tuesday. As you can see, eight sectors are up on the day, while one sector is down.

Sector % Change
Energy +2.9%
Healthcare +1.5%
Consumer Products +1.3%
Materials +1.3%
Industrial +1.1%
Technology & Communications +0.7%
Services +0.5%
Utilities +0.3%
Financial -0.1%

10 ETFs With Stocks That Insiders Are Buying »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.