Wednesday Sector Leaders: Energy, Materials

Play Video: The Importance of ETFs

Free Email Alerts By Stock: Get Dividend Alerts Get SEC Filing Alerts

Looking at the sectors faring best as of midday Wednesday, shares of Energy companies are outperforming other sectors, higher by 2.8%. Within that group, EQT Corp (NYSE:EQT) and Devon Energy Corp. (NYSE:DVN) are two large stocks leading the way, showing a gain of 6.2% and 4.1%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (NYSE:XLE), which is up 2.3% on the day, and up 8.89% year-to-date. EQT Corp, meanwhile, is up 2.03% year-to-date, and Devon Energy Corp. is up 3.13% year-to-date. Combined, EQT and DVN make up approximately 3.9% of the underlying holdings of XLE.

The next best performing sector is the Materials sector, higher by 2.0%. Among large Materials stocks, Dow Inc (NYSE:DOW) and Steel Dynamics Inc. (NASDAQ:STLD) are the most notable, showing a gain of 4.6% and 4.5%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is up 1.6% in midday trading, and up 7.94% on a year-to-date basis. Dow Inc, meanwhile, is up 18.93% year-to-date, and Steel Dynamics Inc. is up 6.23% year-to-date. Combined, DOW and STLD make up approximately 5.8% of the underlying holdings of XLB.

Start slideshow:
25 Dividend Giants Widely Held By ETFs »

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.

Wednesday Sector Leaders: Energy, Materials | Market News Video | Copyright © 2008 - 2026, All Rights Reserved