In afternoon trading on Friday, Utilities stocks are the worst performing sector, showing a 0.9% loss. Within the sector, AES Corp. (NYSE:AES) and SCANA Corp (NYSE:SCG) are two large stocks that are lagging, showing a loss of 3.1% and 2.9%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (AMEX:XLU), which is down 0.9% on the day, and up 12.03% year-to-date. AES Corp., meanwhile, is down 1.98% year-to-date, and SCANA Corp, is down 16.18% year-to-date. Combined, AES and SCG make up approximately 2.4% of the underlying holdings of XLU.
The next worst performing sector is the Financial sector, showing a 0.5% loss. Among large Financial stocks, Macerich Co (NYSE:MAC) and Simon Property Group, Inc. (NYSE:SPG) are the most notable, showing a loss of 3.1% and 2.8%, respectively. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF (XLF), which is down 0.3% in midday trading, and up 7.23% on a year-to-date basis. Macerich Co , meanwhile, is down 18.80% year-to-date, and Simon Property Group, Inc., is down 9.85% 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 Friday. As you can see, five sectors are up on the day, while four sectors are down.
This Article's Word Cloud:AMEXAmongCorpETFsFinancialFridayGroupHealthcareHereMacerichNYSEProductsPropertySCANASPDRSectorSelectSimonStartStocksTechnologyUtilitiesafternoonbasisbelowcolordatedowneachlabeledlagginglargelossmeanwhilemonthperformingrelativerespectivelysectorsectorsshowingshownstocksthatthesetradingwhichwithworstyear
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.