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16 April
Tuesday Sector Laggards: Energy, Utilities

Looking at the sectors faring worst as of midday Tuesday, shares of Energy companies are underperforming other sectors, showing a 1.3% loss. Within that group, APA Corp (Symbol: APA) and Occidental Petroleum Corp (Symbol: OXY) are two of the day's laggards, showing a loss of 2.7% and 2.5%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 1.1% on the day, and up 13.15% year-to-date. APA Corp, meanwhile, is down 9.38% year-to-date, and Occidental Petroleum Corp is up 11.97% year-to-date. Combined, APA and OXY make up approximately 3.4% of the underlying holdings of XLE.

The next worst performing sector is the Utilities sector, showing a 1.0% loss. Among large Utilities stocks, Dominion Energy Inc (Symbol: D) and NextEra Energy Inc (Symbol: NEE) are the most notable, showing a loss of 1.9% and 1.9%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is down 1.0% in midday trading, and up 0.22% on a year-to-date basis. Dominion Energy Inc, meanwhile, is up 1.44% year-to-date, and NextEra Energy Inc is up 2.21% year-to-date. Combined, D and NEE make up approximately 17.3% 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 Tuesday. As you can see, one sector is up on the day, while eight sectors are down.

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