The worst performing sector as of midday Friday is the Energy sector, showing a 5.2% loss. Within that group, Devon Energy Corp. (Symbol: DVN) and Diamondback Energy, Inc. (Symbol: FANG) are two large stocks that are lagging, showing a loss of 8.6% and 8.5%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 5.4% on the day, and up 33.76% year-to-date. Devon Energy Corp., meanwhile, is up 36.47% year-to-date, and Diamondback Energy, Inc. is up 16.84% year-to-date. Combined, DVN and FANG make up approximately 4.6% of the underlying holdings of XLE.
The next worst performing sector is the Utilities sector, showing a 1.3% loss. Among large Utilities stocks, Sempra (Symbol: SRE) and NRG Energy Inc (Symbol: NRG) are the most notable, showing a loss of 3.3% and 2.9%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is down 1.0% in midday trading, and down 8.79% on a year-to-date basis. Sempra, meanwhile, is up 4.65% year-to-date, and NRG Energy Inc, is down 15.30% year-to-date. Combined, SRE and NRG make up approximately 5.9% 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:
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 |
|---|---|
| Technology & Communications | +1.8% |
| Services | +1.2% |
| Financial | +1.0% |
| Consumer Products | +0.9% |
| Healthcare | +0.9% |
| Industrial | +0.7% |
| Materials | +0.1% |
| Utilities | -1.3% |
| Energy | -5.2% |
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
