News

Looking at the sectors faring worst as of midday Wednesday, shares of Utilities companies are underperforming other sectors, showing a 0.2% loss. Within the sector, Constellation Energy Corp (Symbol: CEG) and Vistra Corp (Symbol: VST) are two of the day's laggards, showing a loss of 3.6% and 2.6%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.4% on the day, and up 14.96% year-to-date. Constellation Energy Corp, meanwhile, is up 46.25% year-to-date, and Vistra Corp is up 48.41% year-to-date. Combined, CEG and VST make up approximately 13.5% of the underlying holdings of XLU.

The next worst performing sector is the Energy sector, not showing much of a gain. Among large Energy stocks, Trane Technologies plc (Symbol: TT) and Targa Resources Corp (Symbol: TRGP) are the most notable, showing a loss of 1.8% and 1.6%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF (XLE), which is up 0.2% in midday trading, and up 0.68% on a year-to-date basis. Trane Technologies plc, meanwhile, is up 17.20% year-to-date, and Targa Resources Corp, is down 5.84% year-to-date. TRGP makes up approximately 2.7% of the underlying holdings of XLE.

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 Wednesday. As you can see, seven sectors are up on the day, while one sector is down.

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