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Thursday Sector Laggards: Financial, Utilities

By Market News Video Staff, Thursday, November 4, 2:31 PM ET
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Looking at the sectors faring worst as of midday Thursday, shares of Financial companies are underperforming other sectors, showing a 1.6% loss. Within the sector, Allstate Corp (NYSE:ALL) and Lincoln National Corp. (NYSE:LNC) are two large stocks that are lagging, showing a loss of 8.3% and 5.7%, respectively. Among financial ETFs, one ETF following the sector is the Financial Select Sector SPDR ETF (NYSE:XLF), which is down 1.8% on the day, and up 36.52% year-to-date. Allstate Corp, meanwhile, is up 7.44% year-to-date, and Lincoln National Corp. is up 46.06% year-to-date. Combined, ALL and LNC make up approximately 0.9% of the underlying holdings of XLF.

The next worst performing sector is the Utilities sector, showing a 1.4% loss. Among large Utilities stocks, NRG Energy Inc (NYSE:NRG) and Pinnacle West Capital Corp (NYSE:PNW) are the most notable, showing a loss of 12.3% and 3.0%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is down 1.2% in midday trading, and up 7.84% on a year-to-date basis. NRG Energy Inc, meanwhile, is down 3.14% year-to-date, and Pinnacle West Capital Corp, is down 18.02% year-to-date. Combined, NRG and PNW make up approximately 2.0% of the underlying holdings of XLU.

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:

Stock Message Boards

Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Thursday. As you can see, two sectors are up on the day, while seven sectors are down.

Sector% Change
Technology & Communications+1.0%
Industrial+0.4%
Energy-0.2%
Materials-0.3%
Services-0.4%
Consumer Products-0.5%
Utilities-1.4%
Healthcare-1.4%
Financial-1.6%


This Article's Word Cloud:   Allstate   Among   Buying   Capital   Change   Combined   Communications   Comparing   Consumer   Corp   ETFs   Energy   Financial   Healthcare   Here   Industrial   Insiders   Lincoln   Looking   Materials   NYSE   National   Pinnacle   SPDR   Sector   Select   Thursday   Utilities   West   approximately   basis   date   down   faring   holdings   large   loss   make   meanwhile   midday   respectively   sector   sectors   showing   stocks   trading   underlying   which   worst   year
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