News

We provide the latest news
from the world of economics and finance

28 June
Friday Sector Laggards: Utilities, Consumer Products

The worst performing sector as of midday Friday is the Utilities sector, showing a 1.0% loss. Within that group, AES Corp (Symbol: AES) and NextEra Energy Inc (Symbol: NEE) are two of the day's laggards, showing a loss of 8.6% and 4.9%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 1.4% on the day, and up 8.99% year-to-date. AES Corp, meanwhile, is down 7.58% year-to-date, and NextEra Energy Inc is up 17.10% year-to-date. Combined, AES and NEE make up approximately 15.8% of the underlying holdings of XLU.

The next worst performing sector is the Consumer Products sector, showing a 0.7% loss. Among large Consumer Products stocks, Nike (Symbol: NKE) and Estee Lauder Cos., Inc. (Symbol: EL) are the most notable, showing a loss of 20.3% and 4.4%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF (IYK), which is down 0.6% in midday trading, and up 3.86% on a year-to-date basis. Nike, meanwhile, is down 30.16% year-to-date, and Estee Lauder Cos., Inc., is down 26.64% 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:

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, five sectors are up on the day, while three sectors are down.

Also see:

Dividend Stock Screener
Funds Holding ITMN
FMER Insider Buying

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