Tuesday Sector Leaders: Utilities, Financial

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Looking at the sectors faring best as of midday Tuesday, shares of Utilities companies are outperforming other sectors, higher by 1.1%. Within the sector, NextEra Energy Inc (Symbol: NEE) and American Water Works Co, Inc. (Symbol: AWK) are two of the day’s stand-outs, showing a gain of 1.8% and 1.8%, respectively. Among utilities ETFs , one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is up 1.2% on the day, and down 3.82% year-to-date. NextEra Energy Inc, meanwhile, is down 2.21% year-to-date, and American Water Works Co, Inc., is down 7.68% year-to-date. Combined, NEE and AWK make up approximately 13.4% of the underlying holdings of XLU.

The next best performing sector is the Financial sector, up 0.5%. Among large Financial stocks, Travelers Companies Inc (Symbol: TRV) and Macerich Co (Symbol: MAC) are the most notable, showing a gain of 5.0% and 2.9%, respectively. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF ( XLF ), which is up 0.1% in midday trading, and up 6.84% on a year-to-date basis. Travelers Companies Inc , meanwhile, is up 7.92% year-to-date, and Macerich Co is up 3.43% year-to-date. TRV makes up approximately 1.1% of the underlying holdings of XLF.

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:

Dividend Channel Here’s a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Tuesday. As you can see, seven sectors are up on the day, while one sector is down.

Sector % Change
Utilities +1.1%
Financial +0.5%
Healthcare +0.4%
Technology & Communications +0.4%
Consumer Products +0.3%
Industrial +0.1%
Energy +0.1%
Services -0.0%
Materials -0.1%

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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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