Wednesday Sector Leaders: Energy, Utilities | Global Market News
In afternoon trading on Wednesday, Energy stocks are the best performing sector, up 0.9%. Within the sector, APA Corp (Symbol: APA) and Diamondback Energy, Inc. (Symbol: FANG) are two of the day’s stand-outs, displaying a gain of 3.4% and a couple of.6%, respectively. Among vitality ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is up 0.9% on the day, and down 6.01% year-to-date. APA Corp, in the meantime, is down 32.22% year-to-date, and Diamondback Energy, Inc., is down 19.79% year-to-date. Combined, APA and FANG make up roughly 2.3% of the underlying holdings of XLE.
The subsequent best performing sector is the Utilities sector, dropping simply 0.5%. Among massive Utilities stocks, Eversource Energy (Symbol: ES) and Duke Energy Corp (Symbol: DUK) are essentially the most notable, displaying a gain of 1.1% and 0.4%, respectively. One ETF carefully monitoring Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is down 0.6% in noon trading, and up 2.80% on a year-to-date foundation. Eversource Energy, in the meantime, is up 3.42% year-to-date, and Duke Energy Corp is up 13.26% year-to-date. Combined, ES and DUK make up roughly 9.7% of the underlying holdings of XLU.
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 completely different shade as labeled within the legend on the backside:
Here’s a snapshot of how the S&P 500 parts within the assorted sectors are faring in afternoon trading on Wednesday. As you possibly can see, one sector is up on the day, whereas eight sectors are down.
Sector% Change Energy+0.9%Utilities-0.5%Healthcare-1.0%Financial-1.2%Consumer Products-1.3%Materials-1.3%Industrial-1.9%Services-2.2%Technology & Communications-2.7%
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Also see:
XMPT Average Annual Return
WEN Average Annual Return
MTG Dividend History
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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