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Wednesday Sector Laggards: Energy, Utilities

The worst performing sector as of midday Wednesday is the Energy sector, showing a 0.9% loss. Within the sector, Cimarex Energy Co (Symbol: XEC) and Marathon Oil Corp. (Symbol: MRO) are two large stocks that are lagging, showing a loss of 8.3% and 2.7%, respectively. Among energy ETFs , one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 0.8% on the day, and up 5.76% year-to-date. Cimarex Energy Co, meanwhile, is down 26.66% year-to-date, and Marathon Oil Corp. is up 19.67% year-to-date. Combined, XEC and MRO 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, Southern Company (Symbol: SO) and SCANA Corp (Symbol: SCG) are the most notable, showing a loss of 4.7% and 2.6%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF ( XLU ), which is down 0.6% in midday trading, and up 2.03% on a year-to-date basis. Southern Company , meanwhile, is down 0.26% year-to-date, and SCANA Corp, is down 0.17% year-to-date. Combined, SO and SCG make up approximately 7.5% 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, three sectors are up on the day, while five sectors are down.

Sector % Change
Technology & Communications +0.2%
Services +0.1%
Financial +0.1%
Industrial -0.0%
Healthcare -0.1%
Materials -0.1%
Consumer Products -0.3%
Utilities -0.4%
Energy -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.

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XLU MRO XLE SO XEC

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