Thursday Sector Laggards: Energy, Utilities

Looking at the sectors faring worst as of midday Thursday, shares of Energy companies are underperforming other sectors, higher by 1.2%. Within that group, Occidental Petroleum Corp (NYSE:OXY) and Coterra Energy Inc (NYSE:CTRA) are two large stocks that are lagging, showing a loss of 1.0% and 0.9%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (NYSE:XLE), which is up 1.1% on the day, and up 54.65% year-to-date. Occidental Petroleum Corp, meanwhile, is up 84.78% year-to-date, and Coterra Energy Inc is up 32.31% year-to-date. Combined, OXY and CTRA make up approximately 4.8% of the underlying holdings of XLE.

The next worst performing sector is the Utilities sector, higher by 1.3%. Among large Utilities stocks, Consolidated Edison Inc (NYSE:ED) and NRG Energy Inc (NYSE:NRG) are the most notable, showing a gain of 0.1% and 0.2%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is up 1.4% in midday trading, and up 7.53% on a year-to-date basis. Consolidated Edison Inc, meanwhile, is up 8.53% year-to-date, and NRG Energy Inc is up 14.61% year-to-date. Combined, ED and NRG make up approximately 4.1% of the underlying holdings of XLU.

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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, nine sectors are up on the day, while none of the sectors are down.