Wednesday Sector Leaders: Utilities, Consumer Products

Looking at the sectors faring best as of midday Wednesday, shares of Utilities companies are outperforming other sectors, higher by 1.1%. Within that group, Evergy Inc (Symbol: EVRG) and WEC Energy Group Inc (Symbol: WEC) are two of the day's stand-outs, showing a gain of 1.9% and 1.8%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is up 1.2% on the day, and up 5.38% year-to-date. Evergy Inc, meanwhile, is up 14.86% year-to-date, and WEC Energy Group Inc is up 3.10% year-to-date. Combined, EVRG and WEC make up approximately 4.8% of the underlying holdings of XLU.

The next best performing sector is the Consumer Products sector, higher by 0.3%. Among large Consumer Products stocks, Newell Brands Inc (Symbol: NWL) and Honeywell International Inc (Symbol: HON) are the most notable, showing a gain of 2.6% and 1.8%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF (IYK), which is up 0.2% in midday trading, and up 6.39% on a year-to-date basis. Newell Brands Inc, meanwhile, is up 30.05% year-to-date, and Honeywell International Inc is up 8.17% year-to-date. NWL makes up approximately 0.3% 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, five sectors are up on the day, while three sectors are down.

Sector % Change
Utilities +1.1%
Consumer Products +0.3%
Services +0.2%
Technology & Communications +0.2%
Industrial +0.2%
Materials 0.0%
Healthcare -0.1%
Financial -0.2%
Energy -2.8%

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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.

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