Credit: Shutterstock photoIn afternoon trading on Wednesday, Utilities stocks are the worst performing sector, higher by 0.2%. Within that group, CenterPoint Energy, Inc (Symbol: CNP) and CMS Energy Corp (Symbol: CMS) are two large stocks that are lagging, showing a loss of 0.9% and 0.2%, respectively. Among utilities ETFs , one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is up 0.1% on the day, and up 10.44% year-to-date. CenterPoint Energy, Inc, meanwhile, is up 8.76% year-to-date, and CMS Energy Corp is up 11.97% year-to-date. Combined, CNP and CMS make up approximately 4.0% of the underlying holdings of XLU.
The next worst performing sector is the Services sector, up 0.3%. Among large Services stocks, Discovery Inc (Symbol: DISCA) and Discovery Inc - Series C (Symbol: DISCK) are the most notable, showing a loss of 4.8% and 4.6%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF ( IYC ), which is up 0.8% in midday trading, and up 11.29% on a year-to-date basis. Discovery Inc, meanwhile, is up 9.14% year-to-date, and Discovery Inc - Series C is up 11.35% year-to-date. Combined, DISCA and DISCK make up approximately 0.4% of the underlying holdings of IYC.
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.
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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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
