Tuesday Sector Laggards: Energy, Utilities Tuesday, April 16, 2:49 PM ET, by Market News Video Staff Looking at the sectors faring worst as of midday Tuesday, shares of Energy companies are ...
The best performing sector as of midday Monday is the Energy sector, up 2.0%. Within the sector, EQT Corp (NYSE:EQT) and Baker Hughes Company (NASDAQ:BKR) are two large stocks leading the way, showing a gain of 3.2% and 3.1%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (NYSE:XLE), which is up 2.2% on the day, and down 4.58% year-to-date. EQT Corp, meanwhile, is up 28.06% year-to-date, and Baker Hughes Company is up 8.07% year-to-date. Combined, EQT and BKR make up approximately 3.7% of the underlying holdings of XLE.
The next best performing sector is the Utilities sector, up 1.2%. Among large Utilities stocks, NRG Energy Inc (NYSE:NRG) and Alliant Energy Corp (NASDAQ:LNT) are the most notable, showing a gain of 3.1% and 2.3%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is up 1.0% in midday trading, and down 5.37% on a year-to-date basis. NRG Energy Inc, meanwhile, is up 14.41% year-to-date, and Alliant Energy Corp, is down 2.64% year-to-date. Combined, NRG and LNT make up approximately 2.2% 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:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Monday. As you can see, eight sectors are up on the day, while one sector is down.
Sector
% Change
Energy
+2.0%
Utilities
+1.2%
Materials
+1.2%
Financial
+1.1%
Technology & Communications
+0.6%
Industrial
+0.6%
Consumer Products
+0.4%
Services
+0.2%
Healthcare
-0.2%
This Article's Word Cloud:AlliantAmongBakerBuyingChangeCombinedCommunicationsCompanyComparingConsumerCorpETFsEnergyFinancialHealthcareHereHughesIndustrialInsidersMaterialsMondayNYSEProductsSPDRSectorSelectServicesStartUtilitiesapproximatelybasisbestdatedowngainholdingslargemakemeanwhilemiddayperformingrespectivelysectorsectorsshowingstockstradingunderlyingwhichyear
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