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.
Technology & Communications
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.