Looking at the sectors faring worst as of midday Wednesday, shares of Financial companies are underperforming other sectors, showing a 0.1% loss. Within that group, Franklin Resources Inc (Symbol: BEN) and American Express Co. (Symbol: AXP) are two large stocks that are lagging, showing a loss of 7.8% and 3.4%, respectively. Among financial ETFs, one ETF following the sector is the Financial Select Sector SPDR ETF (Symbol: XLF), which is down 0.3% on the day, and up 17.17% year-to-date. Franklin Resources Inc, meanwhile, is down 26.87% year-to-date, and American Express Co. is up 31.63% year-to-date. Combined, BEN and AXP make up approximately 2.4% of the underlying holdings of XLF.
The next worst performing sector is the Energy sector, showing a 0.1% loss. Among large Energy stocks, EQT Corp (Symbol: EQT) and Coterra Energy Inc (Symbol: CTRA) are the most notable, showing a loss of 1.7% and 1.2%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF (XLE), which is down 0.1% in midday trading, and up 7.43% on a year-to-date basis. EQT Corp, meanwhile, is down 14.24% year-to-date, and Coterra Energy Inc, is down 4.35% year-to-date. Combined, EQT and CTRA make up approximately 2.8% of the underlying holdings of XLE.
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, seven sectors are up on the day, while two sectors are down.
| Sector | % Change |
|---|---|
| Services | +1.4% |
| Materials | +1.3% |
| Utilities | +0.8% |
| Technology & Communications | +0.8% |
| Industrial | +0.8% |
| Consumer Products | +0.6% |
| Healthcare | +0.4% |
| Financial | -0.1% |
| Energy | -0.1% |
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Also see:
EBC shares outstanding history
Top Ten Hedge Funds Holding BPZ
WEC Energy Group RSI
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
