Friday afternoon witnessed Utilities stocks and Consumer Products taking a beating in the market. Utilities stocks, in particular, exhibited a grim 0.3% loss, with American Water Works Co, Inc. (AWK) and WEC Energy Group Inc (WEC) being the two significant players in the sector experiencing setbacks of 2.0% and 1.6%, respectively. As for utilities ETFs, the Utilities Select Sector SPDR ETF (XLU) remained unchanged for the day but showcased a 3.37% rise year-to-date. Contrastingly, American Water Works Co, Inc. saw a staggering 10.08% decline year-to-date, while WEC Energy Group Inc faced a 4.23% downturn over the same period. Together, AWK and WEC accounted for roughly 5.0% of XLU’s holdings.
Consumer Products, on the other hand, struggled with a 0.2% decrease. Tesla Inc (TSLA) and Hormel Foods Corp. (HRL) emerged as prominent names in the sector, plunging by 3.5% and 1.6%, respectively. The iShares U.S. Consumer Goods ETF (IYK) closely monitoring Consumer Products remained stable throughout the day and displayed a 3.05% growth year-to-date. Tesla Inc faced a significant 33.52% decline in the year so far, while Hormel Foods Corp. managed to secure an 8.70% increase in its year-to-date performance. HRL comprised around 0.5% of IYK’s underlying holdings.
Examining these stocks and ETFs over a trailing twelve-month period, a relative stock price performance chart highlights each symbol in distinctive colors as indicated in the legend below:
Furthermore, here’s a snapshot of the S&P 500 components within the various sectors and how they fared in Friday afternoon trading. Notably, seven sectors witnessed an upsurge, while two sectors experienced a downturn.
| Sector | % Change |
|---|---|
| Industrial | +0.9% |
| Energy | +0.8% |
| Healthcare | +0.7% |
| Technology & Communications | +0.5% |
| Services | +0.4% |
| Financial | +0.4% |
| Materials | +0.3% |
| Consumer Products | -0.2% |
| Utilities | -0.3% |
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