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Tuesday Sector Laggards: Utilities, Materials

Shutterstock photo
Shutterstock photo

Shutterstock photo

In afternoon trading on Tuesday, Utilities stocks are the worst performing sector, showing a 0.9% loss. Within that group, SCANA Corp (Symbol: SCG) and Entergy Corp (Symbol: ETR) are two large stocks that are lagging, showing a loss of 4.5% and 1.6%, respectively. Among utilities ETFs , one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.8% on the day, and up 1.19% year-to-date. SCANA Corp, meanwhile, is down 8.77% year-to-date, and Entergy Corp, is down 2.40% year-to-date. Combined, SCG and ETR make up approximately 3.7% of the underlying holdings of XLU.

The next worst performing sector is the Materials sector, showing a 0.2% loss. Among large Materials stocks, Albemarle Corp. (Symbol: ALB) and International Flavors & Fragrances Inc. (Symbol: IFF) are the most notable, showing a loss of 4.5% and 1.8%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF ( XLB ), which is down 0.1% in midday trading, and up 5.60% on a year-to-date basis. Albemarle Corp., meanwhile, is up 5.12% year-to-date, and International Flavors & Fragrances Inc. is up 0.03% year-to-date. Combined, ALB and IFF make up approximately 3.5% of the underlying holdings of XLB.

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
Healthcare +0.7%
Financial +0.7%
Consumer Products +0.5%
Services +0.5%
Energy +0.4%
Industrial +0.1%
Technology & Communications -0.1%
Materials -0.2%
Utilities -0.9%

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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.

In This Story

XLU ALB XLB ETR

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