The worst performing sector as of midday Wednesday is the Utilities sector, showing a 1.4% loss. Within that group, NiSource Inc. (Symbol: NI) and Public Service Enterprise Group Inc (Symbol: PEG) are two large stocks that are lagging, showing a loss of 2.7% and 2.5%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 1.5% on the day, and up 7.04% year-to-date. NiSource Inc., meanwhile, is up 9.60% year-to-date, and Public Service Enterprise Group Inc is up 5.52% year-to-date. Combined, NI and PEG make up approximately 4.5% of the underlying holdings of XLU.
The next worst performing sector is the Financial sector, up 0.1%. Among large Financial stocks, Crown Castle Inc (Symbol: CCI) and American Tower Corp (Symbol: AMT) are the most notable, showing a loss of 4.7% and 3.2%, respectively. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF (XLF), which is up 0.8% in midday trading, and down 3.94% on a year-to-date basis. Crown Castle Inc, meanwhile, is down 1.47% year-to-date, and American Tower Corp is up 6.45% year-to-date.
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, eight sectors are up on the day, while one sector is down.
| Sector | % Change |
|---|---|
| Energy | +1.4% |
| Industrial | +1.2% |
| Services | +1.0% |
| Technology & Communications | +1.0% |
| Healthcare | +0.8% |
| Consumer Products | +0.5% |
| Materials | +0.4% |
| Financial | +0.1% |
| Utilities | -1.4% |
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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.
