Thursday Sector Laggards: Financial, UtilitiesBy Preferred Stock Channel Staff, Thursday, March 14, 2:32 PM ETThe worst performing sector as of midday Thursday is the Financial sector, showing a 1.5% loss. Within that group, Marketaxess Holdings Inc (NASDAQ:MKTX) and Crown Castle Inc (NYSE:CCI) are two of the day's laggards, showing a loss of 4.4% and 3.3%, respectively. Among financial ETFs, one ETF following the sector is the Financial Select Sector SPDR ETF (NYSE:XLF), which is down 0.9% on the day, and up 8.48% year-to-date. Marketaxess Holdings Inc, meanwhile, is down 26.30% year-to-date, and Crown Castle Inc, is down 8.87% year-to-date. MKTX makes up approximately 0.1% of the underlying holdings of XLF. The next worst performing sector is the Utilities sector, showing a 1.4% loss. Among large Utilities stocks, AES Corp (NYSE:AES) and DTE Energy Co (NYSE:DTE) are the most notable, showing a loss of 4.4% and 2.3%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is down 1.3% in midday trading, and down 0.41% on a year-to-date basis. AES Corp, meanwhile, is down 20.87% year-to-date, and DTE Energy Co, is down 1.57% year-to-date. Combined, AES and DTE make up approximately 3.5% 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 Thursday. As you can see, one sector is up on the day, while eight sectors are down.
This Article's Word Cloud:
Among
Castle
Change
Combined
Communications
Comparing
Consumer
Corp
Crown
Dividend
ETFs
Energy
Financial
Giants
Healthcare
Held
Here
Holdings
Industrial
MKTX
Marketaxess
Materials
NYSE
Products
SPDR
Sector
Select
Services
Start
Thursday
Utilities
approximately
basis
date
down
holdings
loss
meanwhile
midday
performing
respectively
sector
sectors
showing
stocks
trading
underlying
which
worst
year
|