Thursday Sector Laggards: Energy, FinancialBy Market News Video Staff, Thursday, April 8, 3:26 PM ETIn afternoon trading on Thursday, Energy stocks are the worst performing sector, showing a 1.8% loss. Within that group, APA Corp (NASDAQ:APA) and Cabot Oil & Gas Corp. (COG) are two large stocks that are lagging, showing a loss of 3.8% and 3.7%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (NYSE:XLE), which is down 1.6% on the day, and up 29.02% year-to-date. APA Corp, meanwhile, is up 22.37% year-to-date, and Cabot Oil & Gas Corp. is up 9.89% year-to-date. Combined, APA and COG make up approximately 1.6% of the underlying holdings of XLE. The next worst performing sector is the Financial sector, showing a 0.4% loss. Among large Financial stocks, Unum Group (NYSE:UNM) and American International Group Inc (NYSE:AIG) are the most notable, showing a loss of 2.6% and 2.5%, respectively. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF (XLF), which is down 0.2% in midday trading, and up 18.42% on a year-to-date basis. Unum Group, meanwhile, is up 20.03% year-to-date, and American International Group Inc is up 22.13% year-to-date. Combined, UNM and AIG make up approximately 1.1% of the underlying holdings of XLF. 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 Thursday. As you can see, five sectors are up on the day, while four sectors are down.
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