Wednesday Sector Laggards: Utilities, Consumer Products

Loading...
Loading...
Looking at the sectors faring worst as of midday Wednesday, shares of Utilities companies are underperforming other sectors, higher by 0.2%. Within that group, NextEra Energy Inc (NEE) and Consolidated Edison Inc (ED) are two large stocks that are lagging, showing a loss of 0.9% and 0.7%, respectively. Among
utilities ETFs
, one ETF following the sector is the Utilities Select Sector SPDR ETF (XLU), which is up 0.1% on the day, and up 20.22% year-to-date. NextEra Energy Inc, meanwhile, is up 24.24% year-to-date, and Consolidated Edison Inc is up 24.40% year-to-date. Combined, NEE and ED make up approximately 13.2% of the underlying holdings of XLU.

The next worst performing sector is the Consumer Products sector, up 1.3%. Among large Consumer Products stocks, Clorox Co (CLX) and Dr Pepper Snapple Group Inc (DPS) are the most notable, showing a loss of 1.5% and 1.1%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF (IYK), which is up 0.9% in midday trading, and up 4.71% on a year-to-date basis. Clorox Co , meanwhile, is up 7.31% year-to-date, and Dr Pepper Snapple Group Inc is up 1.63% year-to-date. Combined, CLX and DPS make up approximately 1.7% of the underlying holdings of IYK.

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, nine sectors are up on the day, while none of the sectors are down.

Sector% Change Energy+2.5%Technology & Communications+2.1%Healthcare+2.0%Services+1.9%Financial+1.9%Industrial+1.9%Materials+1.5%Consumer Products+1.3%Utilities+0.2%

Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Posted In: News
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...