Wednesday Sector Laggards: Utilities, Consumer Products

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By Ronald Tech

Looking at the sectors faring worst as of midday Wednesday, shares of Utilities companies are underperforming other sectors, showing a 1.9% loss. Within that group, Dominion Energy Inc (Symbol: D) and PG&E Corp (Symbol: PCG) are two large stocks that are lagging, showing a loss of 4.5% and 4.0%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 1.7% on the day, and up 3.98% year-to-date. Dominion Energy Inc, meanwhile, is down 0.88% year-to-date, and PG&E Corp, is down 17.62% year-to-date. Combined, D and PCG make up approximately 6.8% of the underlying holdings of XLU.

The next worst performing sector is the Consumer Products sector, showing a 0.9% loss. Among large Consumer Products stocks, Ford Motor Co. (Symbol: F) and Genuine Parts Co. (Symbol: GPC) are the most notable, showing a loss of 3.3% and 2.8%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF (IYK), which is down 0.1% in midday trading, and down 0.90% on a year-to-date basis. Ford Motor Co., meanwhile, is up 1.87% year-to-date, and Genuine Parts Co. is up 0.01% 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:

Portfolio Channel

Here’s a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Wednesday. As you can see, two sectors are up on the day, while five sectors are down.

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Sector % Change
Technology & Communications +1.3%
Healthcare +0.2%
Services -0.0%
Industrial 0.0%
Materials -0.4%
Financial -0.7%
Energy -0.8%
Consumer Products -0.9%
Utilities -1.9%

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