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Friday Sector Laggards: Energy, Financial

By Market News Video Staff, Friday, December 17, 4:04 PM ET

In afternoon trading on Friday, Energy stocks are the worst performing sector, showing a 1.4% loss. Within that group, Hess Corp (NYSE:HES) and ConocoPhillips (NYSE:COP) are two large stocks that are lagging, showing a loss of 4.4% and 3.6%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (NYSE:XLE), which is down 1.4% on the day, and up 48.77% year-to-date. Hess Corp, meanwhile, is up 38.88% year-to-date, and ConocoPhillips is up 77.13% year-to-date. Combined, HES and COP make up approximately 6.5% of the underlying holdings of XLE.

The next worst performing sector is the Financial sector, showing a 0.8% loss. Among large Financial stocks, Wells Fargo & Co (NYSE:WFC) and People's United Financial Inc (PBCT) are the most notable, showing a loss of 4.0% and 3.6%, respectively. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF (XLF), which is down 1.7% in midday trading, and up 33.13% on a year-to-date basis. Wells Fargo & Co, meanwhile, is up 62.08% year-to-date, and People's United Financial Inc is up 36.73% year-to-date. Combined, WFC and PBCT make up approximately 4.7% 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:

Preferred Stock Channel

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 six sectors are down.

Sector% Change
Healthcare+0.8%
Technology & Communications+0.7%
Services+0.2%
Materials-0.1%
Utilities-0.4%
Industrial-0.4%
Consumer Products-0.5%
Financial-0.8%
Energy-1.4%


This Article's Word Cloud:   Among   Buying   Change   Combined   Communications   Comparing   ConocoPhillips   Consumer   Corp   ETFs   Energy   Fargo   Financial   Friday   Healthcare   Here   Hess   Industrial   Insiders   Materials   NYSE   PBCT   People   SPDR   Sector   Select   United   Wells   afternoon   approximately   basis   date   down   holdings   large   loss   make   meanwhile   performing   respectively   sector   sectors   showing   stocks   that   trading   underlying   which   worst   year
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