Wednesday Sector Laggards: Utilities, Technology & | U.S. Finance News
In afternoon trading on Wednesday, Utilities stocks are the worst performing sector, displaying a 1.1% loss. Within that group, Edison International (Symbol: EIX) and AES Corp (Symbol: AES) are two massive stocks which are lagging, displaying a loss of 13.3% and 5.8%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 1.1% on the day, and down 0.62% year-to-date. Edison International, in the meantime, is down 14.94% year-to-date, and AES Corp, is down 5.17% year-to-date. Combined, EIX and AES make up roughly 3.2% of the underlying holdings of XLU.
The subsequent worst performing sector is the Technology & Communications sector, displaying a 0.6% loss. Among massive Technology & Communications stocks, ON Semiconductor Corp (Symbol: ON) and Super Micro Computer Inc (Symbol: SMCI) are probably the most notable, displaying a loss of 7.0% and 5.4%, respectively. One ETF carefully monitoring Technology & Communications stocks is the Technology Select Sector SPDR ETF (XLK), which is down 0.2% in noon trading, and up 0.40% on a year-to-date foundation. ON Semiconductor Corp, in the meantime, is down 7.52% year-to-date, and Super Micro Computer Inc is up 6.69% year-to-date. Combined, ON and SMCI make up roughly 0.5% of the underlying holdings of XLK.
Comparing these stocks and ETFs on a trailing twelve month foundation, under is a relative stock price efficiency chart, with every of the symbols proven in a totally different coloration as labeled within the legend on the backside:
Here’s a snapshot of how the S&P 500 parts within the varied sectors are faring in afternoon trading on Wednesday. As you’ll be able to see, one sector is up on the day, whereas seven sectors are down.
Sector% Change Industrial+0.2%Healthcare-0.0%Financial-0.1%Energy-0.4%Consumer Products-0.5%Services-0.5%Technology & Communications-0.6%Materials-0.6%Utilities-1.1%
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
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