NEE

Tuesday Sector Laggards: Utilities, Consumer Products

In afternoon trading on Tuesday, Utilities stocks are the worst performing sector, showing a 1.6% loss. Within that group, NextEra Energy Inc (Symbol: NEE) and AES Corp (Symbol: AES) are two large stocks that are lagging, showing a loss of 4.5% and 4.2%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 1.8% on the day, and up 0.77% year-to-date. NextEra Energy Inc, meanwhile, is down 1.65% year-to-date, and AES Corp, is down 14.84% year-to-date. Combined, NEE and AES make up approximately 13.1% of the underlying holdings of XLU.

The next worst performing sector is the Consumer Products sector, showing a 1.3% loss. Among large Consumer Products stocks, General Motors Co (Symbol: GM) and Ford Motor Co. (Symbol: F) are the most notable, showing a loss of 8.8% and 3.8%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF (IYK), which is down 1.3% in midday trading, and up 1.23% on a year-to-date basis. General Motors Co, meanwhile, is down 6.00% year-to-date, and Ford Motor Co. is up 0.86% year-to-date.

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:

Market News Video

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, one sector is up on the day, while eight sectors are down.

Sector% Change
Technology & Communications+0.1%
Services-0.3%
Materials-0.4%
Healthcare-0.5%
Financial-0.5%
Industrial-0.5%
Energy-1.1%
Consumer Products-1.3%
Utilities-1.6%

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Also see:

• Top Stocks Held By Nelson Peltz
• EQT Options Chain
• KVSA shares outstanding history

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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