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Wednesday Sector Leaders: Utilities, Financial
By Market News Video Staff, Wednesday, February 2, 3:21 PM ET
In afternoon trading on Wednesday, Utilities stocks are the best performing sector, higher by 1.5%. Within that group, Exelon Corp (NASDAQ:EXC) and NiSource Inc. (NYSE:NI) are two large stocks leading the way, showing a gain of 4.2% and 2.8%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (NYSE:XLU), which is up 1.5% on the day, and down 3.13% year-to-date. Exelon Corp, meanwhile, is down 25.97% year-to-date, and NiSource Inc. is up 7.35% year-to-date. Combined, EXC and NI make up approximately 5.3% of the underlying holdings of XLU.
The next best performing sector is the Financial sector, higher by 0.9%. Among large Financial stocks, Equity Residential (NYSE:EQR) and Extra Space Storage Inc (NYSE:EXR) are the most notable, showing a gain of 4.6% and 3.9%, respectively. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF (XLF), which is up 0.6% in midday trading, and up 2.00% on a year-to-date basis. Equity Residential, meanwhile, is up 2.48% year-to-date, and Extra Space Storage Inc, is down 9.44% 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 Wednesday. As you can see, eight sectors are up on the day, while one sector is down.
Sector
% Change
Utilities
+1.5%
Financial
+0.9%
Healthcare
+0.8%
Technology & Communications
+0.6%
Consumer Products
+0.5%
Materials
+0.5%
Industrial
+0.4%
Energy
+0.1%
Services
-0.3%
This Article's Word Cloud:AmongChangeCombinedCommunicationsComparingConsumerCorpDividendETFsEnergyEquityExelonExtraFinancialGiantsHealthcareHeldHereIndustrialMaterialsNYSENiSourceProductsResidentialSPDRSectorSelectServicesSpaceStorageUtilitiesWednesdayafternoonbasisbestdatedowngainhigherlargemeanwhileperformingrespectivelysectorsectorsshowingstockstradingwhichyear
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