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Wednesday Sector Laggards: Energy, Materials

By Market News Video Staff, Wednesday, June 15, 2:32 PM ET
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In afternoon trading on Wednesday, Energy stocks are the worst performing sector, showing a 2.3% loss. Within that group, Valero Energy Corp (NYSE:VLO) and Marathon Petroleum Corp. (NYSE:MPC) are two large stocks that are lagging, showing a loss of 4.5% and 4.1%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (NYSE:XLE), which is down 2.4% on the day, and up 49.48% year-to-date. Valero Energy Corp, meanwhile, is up 72.69% year-to-date, and Marathon Petroleum Corp. is up 55.63% year-to-date. Combined, VLO and MPC make up approximately 7.8% of the underlying holdings of XLE.

The next worst performing sector is the Materials sector, showing a 0.6% loss. Among large Materials stocks, Albemarle Corp. (NYSE:ALB) and Newmont Corp (NYSE:NEM) are the most notable, showing a loss of 4.6% and 2.4%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is down 1.1% in midday trading, and down 14.62% on a year-to-date basis. Albemarle Corp., meanwhile, is down 8.53% year-to-date, and Newmont Corp is up 1.08% year-to-date. Combined, ALB and NEM make up approximately 8.8% of the underlying holdings of XLB.

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:

RediNews

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, six sectors are up on the day, while three sectors are down.

Sector% Change
Services+0.8%
Financial+0.8%
Technology & Communications+0.4%
Healthcare+0.2%
Industrial+0.2%
Consumer Products+0.1%
Utilities-0.5%
Materials-0.6%
Energy-2.3%


This Article's Word Cloud:   Albemarle   Among   Change   Combined   Communications   Comparing   Consumer   Corp   Dividend   ETFs   Energy   Financial   Giants   Healthcare   Held   Here   Industrial   Marathon   Materials   NYSE   Newmont   Petroleum   Products   SPDR   Sector   Select   Valero   Wednesday   afternoon   approximately   basis   date   down   holdings   large   loss   make   meanwhile   performing   respectively   sector   sectors   showing   stocks   that   trading   underlying   which   worst   year
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