Looking at the sectors faring worst as of midday Wednesday, shares of Technology & Communications companies are underperforming other sectors, showing a 0.8% loss. Within that group, Enphase Energy Inc. (Symbol: ENPH) and F5 Networks, Inc. (Symbol: FFIV) are two of the day's laggards, showing a loss of 14.1% and 10.0%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is down 0.9% on the day, and up 9.28% year-to-date. Enphase Energy Inc., meanwhile, is down 16.27% year-to-date, and F5 Networks, Inc. is up 4.99% year-to-date. Combined, ENPH and FFIV make up approximately 0.3% of the underlying holdings of XLK.
The next worst performing sector is the Utilities sector, showing a 0.3% loss. Among large Utilities stocks, Eversource Energy (Symbol: ES) and Pinnacle West Capital Corp (Symbol: PNW) are the most notable, showing a loss of 1.9% and 0.8%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is down 0.3% in midday trading, and up 5.19% on a year-to-date basis. Eversource Energy, meanwhile, is down 0.66% year-to-date, and Pinnacle West Capital Corp is up 2.94% year-to-date. Combined, ES and PNW make up approximately 4.2% 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, two sectors are up on the day, while six sectors are down.
| Sector | % Change |
|---|---|
| Energy | +3.9% |
| Materials | +0.5% |
| Financial | 0.0% |
| Healthcare | -0.1% |
| Consumer Products | -0.2% |
| Services | -0.2% |
| Utilities | -0.3% |
| Industrial | -0.3% |
| Technology & Communications | -0.8% |
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
