Friday Sector Laggards: Energy, Utilities


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In afternoon trading on Friday, Energy stocks are the worst performing sector, showing a 0.4% loss. Within the sector, Range Resources Corp (Symbol: RRC) and Hess Corp (Symbol: HES) are two large stocks that are lagging, showing a loss of 3.7% and 2.4%, respectively. Among energy ETFs , one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 0.4% on the day, and up 5.45% year-to-date. Range Resources Corp, meanwhile, is down 7.06% year-to-date, and Hess Corp is up 10.72% year-to-date. Combined, RRC and HES make up approximately 1.4% of the underlying holdings of XLE.

The next worst performing sector is the Utilities sector, showing a 0.1% loss. Among large Utilities stocks, Exelon Corp (Symbol: EXC) and Southern Company (Symbol: SO) are the most notable, showing a loss of 1.1% and 0.8%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF ( XLU ), which is down 0.2% in midday trading, and down 5.01% on a year-to-date basis. Exelon Corp, meanwhile, is down 3.20% year-to-date, and Southern Company , is down 7.40% year-to-date. Combined, EXC and SO make up approximately 12.7% 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:

Energy Stock Channel Here’s a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Friday. As you can see, seven sectors are up on the day, while two sectors are down.

Sector % Change
Consumer Products +1.0%
Services +0.8%
Financial +0.4%
Materials +0.4%
Healthcare +0.3%
Industrial +0.3%
Technology & Communications +0.1%
Utilities -0.1%
Energy -0.4%

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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