Looking at the sectors faring worst as of midday Friday, shares of Utilities companies are underperforming other sectors, showing a 1.1% loss. Within that group, American Water Works Co, Inc. (Symbol: AWK) and Pinnacle West Capital Corp (Symbol: PNW) are two large stocks that are lagging, showing a loss of 2.6% and 2.4%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.8% on the day, and up 4.60% year-to-date. American Water Works Co, Inc., meanwhile, is down 17.52% year-to-date, and Pinnacle West Capital Corp is up 9.51% year-to-date. Combined, AWK and PNW make up approximately 3.5% of the underlying holdings of XLU.
The next worst performing sector is the Services sector, showing a 1.0% loss. Among large Services stocks, Warner Bros Discovery Inc (Symbol: WBD) and Paramount Global (Symbol: PARA) are the most notable, showing a loss of 16.2% and 5.2%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF (IYC), which is down 1.0% in midday trading, and down 20.77% on a year-to-date basis. Warner Bros Discovery Inc, meanwhile, is down 37.77% year-to-date, and Paramount Global, is down 18.95% year-to-date. Combined, WBD and PARA make up approximately 1.0% of the underlying holdings of IYC.
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 Friday. As you can see, three sectors are up on the day, while five sectors are down.
| Sector | % Change |
|---|---|
| Energy | +2.8% |
| Financial | +0.2% |
| Materials | +0.1% |
| Industrial | 0.0% |
| Healthcare | -0.1% |
| Consumer Products | -0.4% |
| Technology & Communications | -0.5% |
| Services | -1.0% |
| Utilities | -1.1% |
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.