Wednesday Sector Laggards: Energy, Utilities

Looking at the sectors faring worst as of midday Wednesday, shares of Energy companies are underperforming other sectors, showing a 2.0% loss. Within that group, Hess Corp (Symbol: HES) and Occidental Petroleum Corp (Symbol: OXY) are two large stocks that are lagging, showing a loss of 3.9% and 3.7%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 1.7% on the day, and down 38.48% year-to-date. Hess Corp, meanwhile, is down 29.76% year-to-date, and Occidental Petroleum Corp, is down 66.49% year-to-date. Combined, HES and OXY make up approximately 3.8% of the underlying holdings of XLE.

The next worst performing sector is the Utilities sector, showing a 1.5% loss. Among large Utilities stocks, Consolidated Edison Inc (Symbol: ED) and NRG Energy Inc (Symbol: NRG) are the most notable, showing a loss of 3.0% and 2.8%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is down 1.3% in midday trading, and down 7.84% on a year-to-date basis. Consolidated Edison Inc, meanwhile, is down 19.16% year-to-date, and NRG Energy Inc, is down 13.22% year-to-date. Combined, ED and NRG make up approximately 3.9% 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 Wednesday. As you can see, four sectors are up on the day, while five sectors are down.

Sector % Change
Technology & Communications +1.3%
Materials +0.4%
Services +0.2%
Industrial +0.1%
Consumer Products -0.2%
Healthcare -0.3%
Financial -1.1%
Utilities -1.5%
Energy -2.0%

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.

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.