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Wednesday Sector Leaders: Utilities, Consumer Products

The best performing sector as of midday Wednesday is the Utilities sector, up 0.9%. Within the sector, CenterPoint Energy, Inc (Symbol: CNP) and PPL Corp (Symbol: PPL) are two large stocks leading the way, showing a gain of 3.3% and 1.8%, respectively. Among utilities ETFs , one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is up 1.0% on the day, and up 4.51% year-to-date. CenterPoint Energy, Inc, meanwhile, is up 4.63% year-to-date, and PPL Corp is up 1.16% year-to-date. Combined, CNP and PPL make up approximately 4.7% of the underlying holdings of XLU.

The next best performing sector is the Consumer Products sector, up 0.7%. Among large Consumer Products stocks, J.M. Smucker Co. (Symbol: SJM) and Newell Brands Inc (Symbol: NWL) are the most notable, showing a gain of 2.6% and 2.6%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF ( IYK ), which is up 0.6% in midday trading, and down 4.91% on a year-to-date basis. J.M. Smucker Co., meanwhile, is down 12.40% year-to-date, and Newell Brands Inc, is down 26.83% year-to-date. Combined, SJM and NWL make up approximately 1.1% 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 four sectors are down.

Utilities +0.9%
Consumer Products +0.7%
Materials +0.7%
Financial +0.3%
Industrial +0.1%
Services -0.3%
Energy -0.5%
Healthcare -0.6%
Technology & Communications -1.1%

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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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