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Thursday Sector Leaders: Utilities, Energy
By Market News Video Staff, Thursday, May 5, 2:32 PM ET
The best performing sector as of midday Thursday is the Utilities sector, losing just 0.9%. Within that group, Eversource Energy (NYSE:ES) and Dominion Energy Inc (NYSE:D) are two large stocks leading the way, showing a gain of 1.2% and 0.7%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (NYSE:XLU), which is down 0.9% on the day, and up 0.86% year-to-date. Eversource Energy, meanwhile, is down 0.78% year-to-date, and Dominion Energy Inc is up 6.64% year-to-date. Combined, ES and D make up approximately 9.6% of the underlying holdings of XLU.
The next best performing sector is the Energy sector, losing just 1.8%. Among large Energy stocks, Pioneer Natural Resources Co (NYSE:PXD) and Occidental Petroleum Corp (NYSE:OXY) are the most notable, showing a gain of 1.5% and 1.3%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF (XLE), which is down 1.3% in midday trading, and up 46.61% on a year-to-date basis. Pioneer Natural Resources Co, meanwhile, is up 43.16% year-to-date, and Occidental Petroleum Corp is up 115.56% year-to-date. Combined, PXD and OXY make up approximately 7.9% of the underlying holdings of XLE.
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 Thursday. As you can see, none of the sectors are up on the day, while nine sectors are down.
Sector
% Change
Utilities
-0.9%
Energy
-1.8%
Consumer Products
-2.7%
Healthcare
-2.7%
Financial
-2.8%
Industrial
-3.0%
Materials
-3.0%
Services
-3.9%
Technology & Communications
-4.2%
This Article's Word Cloud:AmongBuyingChangeCombinedCommunicationsComparingConsumerCorpDominionETFsEnergyEversourceFinancialHealthcareHereIndustrialNYSENaturalOccidentalPetroleumPioneerResourcesSPDRSectorSelectThursdayUtilitiesapproximatelybasisbestdatedowngainholdingsjustlargelosingmakemeanwhilemiddayperformingrespectivelysectorsectorsshowingstockstradingunderlyingwhichyear
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