Markets
CMS

Tuesday Sector Laggards: Utilities, Technology & Communications

Looking at the sectors faring worst as of midday Tuesday, shares of Utilities companies are underperforming other sectors, showing a 0.6% loss. Within the sector, CMS Energy Corp (Symbol: CMS) and American Water Works Co, Inc. (Symbol: AWK) are two large stocks that are lagging, showing a loss of 2.2% and 2.1%, 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 up 19.16% year-to-date. CMS Energy Corp, meanwhile, is up 23.38% year-to-date, and American Water Works Co, Inc. is up 33.51% year-to-date. Combined, CMS and AWK make up approximately 4.6% of the underlying holdings of XLU.

The next worst performing sector is the Technology & Communications sector, showing a 0.5% loss. Among large Technology & Communications stocks, SBA Communications Corp (Symbol: SBAC) and Cadence Design Systems Inc (Symbol: CDNS) are the most notable, showing a loss of 4.6% and 4.5%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF (XLK), which is down 1.1% in midday trading, and up 29.90% on a year-to-date basis. SBA Communications Corp , meanwhile, is up 48.78% year-to-date, and Cadence Design Systems Inc is up 50.31% year-to-date. CDNS makes up approximately 0.3% 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 Tuesday. As you can see, six sectors are up on the day, while three sectors are down.

Sector % Change
Materials +1.7%
Energy +1.0%
Healthcare +0.5%
Services +0.4%
Consumer Products +0.3%
Industrial +0.2%
Financial -0.1%
Technology & Communications -0.5%
Utilities -0.6%

25 Dividend Giants Widely Held By ETFs »

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

In This Story

CMS AWK XLU SBAC CDNS

Other Topics

Stocks

Latest Markets Videos

    BNK Invest

    BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.

    Learn More