Tuesday Sector Laggards: Energy, Utilities

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The worst performing sector as of midday Tuesday is the Energy sector, showing a 0.5% loss. Within that group, Baker Hughes, A GE Company (Symbol: BHGE) and Cimarex Energy Co (Symbol: XEC) are two large stocks that are lagging, showing a loss of 2.3% and 2.2%, respectively. Among energy ETFs , one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 0.6% on the day, and down 5.83% year-to-date. Baker Hughes, A GE Company, meanwhile, is down 4.35% year-to-date, and Cimarex Energy Co, is down 23.47% year-to-date. Combined, BHGE and XEC make up approximately 1.9% of the underlying holdings of XLE.

The next worst performing sector is the Utilities sector, showing a 0.4% loss. Among large Utilities stocks, Edison International (Symbol: EIX) and American Water Works Co, Inc. (Symbol: AWK) are the most notable, showing a loss of 1.6% and 1.4%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF ( XLU ), which is down 0.3% in midday trading, and down 6.13% on a year-to-date basis. Edison International, meanwhile, is down 6.29% year-to-date, and American Water Works Co, Inc., is down 10.98% year-to-date. Combined, EIX and AWK make up approximately 5.6% 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, one sector is up on the day, while five sectors are down.

Sector % Change
Services +0.2%
Consumer Products 0.0%
Industrial 0.0%
Materials -0.0%
Financial -0.2%
Healthcare -0.3%
Utilities -0.4%
Technology & Communications -0.4%
Energy -0.5%

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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.

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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