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Wednesday Sector Laggards: Energy, Materials

In afternoon trading on Wednesday, Energy stocks are the worst performing sector, showing a 3.5% loss. Within that group, Marathon Oil Corp. (Symbol: MRO) and Anadarko Petroleum Corp (Symbol: APC) are two large stocks that are lagging, showing a loss of 6.7% and 6.2%, respectively. Among energy ETFs , one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 3.5% on the day, and up 0.87% year-to-date. Marathon Oil Corp., meanwhile, is up 13.61% year-to-date, and Anadarko Petroleum Corp is up 18.12% year-to-date. Combined, MRO and APC make up approximately 3.7% of the underlying holdings of XLE.

The next worst performing sector is the Materials sector, showing a 1.8% loss. Among large Materials stocks, Freeport-McMoran Copper & Gold (Symbol: FCX) and Newmont Mining Corp (Symbol: NEM) are the most notable, showing a loss of 8.7% and 5.5%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF ( XLB ), which is down 2.1% in midday trading, and down 4.38% on a year-to-date basis. Freeport-McMoran Copper & Gold, meanwhile, is down 28.22% year-to-date, and Newmont Mining Corp , is down 13.82% year-to-date. Combined, FCX and NEM make up approximately 6.4% 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 Wednesday. As you can see, one sector is up on the day, while eight sectors are down.

Sector % Change
Utilities +0.7%
Financial -0.3%
Consumer Products -0.6%
Industrial -0.8%
Healthcare -0.9%
Services -1.5%
Technology & Communications -1.5%
Materials -1.8%
Energy -3.5%

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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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