Markets

Wednesday Sector Laggards: Utilities, Consumer Products

Shutterstock photo
Shutterstock photo

Shutterstock photo

Looking at the sectors faring worst as of midday Wednesday, shares of Utilities companies are underperforming other sectors, showing a 1.6% loss. Within that group, SCANA Corp (Symbol: SCG) and PPL Corp (Symbol: PPL) are two of the day's laggards, showing a loss of 7.5% and 2.5%, respectively. Among utilities ETFs , one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 1.4% on the day, and up 11.40% year-to-date. SCANA Corp, meanwhile, is down 27.37% year-to-date, and PPL Corp is up 14.41% year-to-date. Combined, SCG and PPL make up approximately 5.3% of the underlying holdings of XLU.

The next worst performing sector is the Consumer Products sector, showing a 0.3% loss. Among large Consumer Products stocks, Delphi Automotive plc (Symbol: DLPH) and Nike (Symbol: NKE) are the most notable, showing a loss of 4.0% and 3.2%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF ( IYK ), which is down 0.7% in midday trading, and up 9.91% on a year-to-date basis. Delphi Automotive plc, meanwhile, is up 48.29% year-to-date, and Nike is up 3.31% year-to-date. Combined, DLPH and NKE make up approximately 4.3% of the underlying holdings of IYK.

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, six sectors are up on the day, while two sectors are down.

Sector % Change
Technology & Communications +1.3%
Services +0.8%
Materials +0.7%
Financial +0.6%
Industrial +0.6%
Energy +0.3%
Healthcare 0.0%
Consumer Products -0.3%
Utilities -1.6%

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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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DLPH IYK XLU PPL