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Wednesday Sector Laggards: Utilities, Materials
By Market News Video Staff, Wednesday, June 28, 2:37 PM ET
Looking at the sectors faring worst as of midday Wednesday, shares of Utilities companies are underperforming other sectors, showing a 1.7% loss. Within the sector, AES Corp (NYSE:AES) and Entergy Corp (NYSE:ETR) are two large stocks that are lagging, showing a loss of 3.4% and 3.2%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (NYSE:XLU), which is down 1.5% on the day, and down 6.78% year-to-date. AES Corp, meanwhile, is down 26.92% year-to-date, and Entergy Corp, is down 10.38% year-to-date. Combined, AES and ETR make up approximately 3.5% of the underlying holdings of XLU.
The next worst performing sector is the Materials sector, showing a 0.9% loss. Among large Materials stocks, Albemarle Corp. (NYSE:ALB) and Freeport-McMoran Copper & Gold (NYSE:FCX) are the most notable, showing a loss of 3.6% and 3.2%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is down 0.8% in midday trading, and up 5.26% on a year-to-date basis. Albemarle Corp., meanwhile, is up 2.40% year-to-date, and Freeport-McMoran Copper & Gold is up 3.94% year-to-date. Combined, ALB and FCX make up approximately 8.9% 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:
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, one sector is up on the day, while six sectors are down.
Sector
% Change
Energy
+0.9%
Services
-0.0%
Industrial
0.0%
Healthcare
-0.2%
Technology & Communications
-0.3%
Financial
-0.6%
Consumer Products
-0.7%
Materials
-0.9%
Utilities
-1.7%
This Article's Word Cloud:AlbemarleAmongBuyingChangeCombinedCommunicationsComparingConsumerCopperCorpETFsEnergyEntergyFinancialFreeportGoldHealthcareHereIndustrialInsidersLookingMaterialsMcMoranNYSESPDRSectorSelectUtilitiesWednesdayapproximatelybasisdatedownfaringholdingslargelossmakemeanwhilemiddayrespectivelysectorsectorsshowingstockstradingunderlyingwhichworstyear
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