Nasdaq, Inc.: Wednesday Sector Laggards: Energy, Utilities
From Nasdaq, Inc.:
Energy stocks are the worst performing sector, with a 0.4% loss. Specific companies such as Marathon Oil Corp. (MRO) and Halliburton Company (HAL) are down 0.9% and 0.8% respectively. An ETF following the energy sector, Energy Select Sector SPDR ETF (XLE), is down 0.4% on the day and up 4.66% year-to-date. Marathon Oil Corp. and Halliburton Company are also down 1.22% and 0.73% year-to-date, making up about 3.2% of the underlying holdings of XLE.
The second worst performing sector is the Utilities sector, with a 0.2% loss. Specific companies such as Dominion Energy Inc (D) and CenterPoint Energy, Inc (CNP) are down 1.1% and 0.6% respectively. An ETF, Utilities Select Sector SPDR ETF (XLU), is down 0.1% on the day and down 7.71% year-to-date. Dominion Energy Inc and CenterPoint Energy, Inc are also down 21.85% and 1.52% year-to-date, making up approximately 6.1% of the underlying holdings of XLU.
The S&P 500 components within various sectors are shown in afternoon trading with six sectors up and three sectors down. The Healthcare and Financial sectors experienced a 0.2% increase, with Consumer Products, Services, Industrial, and Materials experiencing a 0.1% increase. However, the Utilities, Technology & Communications, and Energy sectors all experienced a 0.2% decrease.
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