Market News Video

Tuesday Sector Leaders: Energy, Materials

By Market News Video Staff, Tuesday, January 30, 2:36 PM ET

In afternoon trading on Tuesday, Energy stocks are the best performing sector, up 0.6%. Within that group, Marathon Petroleum Corp. (NYSE:MPC) and Phillips 66 (NYSE:PSX) are two large stocks leading the way, showing a gain of 5.4% and 1.6%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (NYSE:XLE), which is up 0.6% on the day, and up 0.91% year-to-date. Marathon Petroleum Corp., meanwhile, is up 13.75% year-to-date, and Phillips 66 is up 6.19% year-to-date. Combined, MPC and PSX make up approximately 8.2% of the underlying holdings of XLE.

The next best performing sector is the Materials sector, up 0.4%. Among large Materials stocks, Nucor Corp. (NYSE:NUE) and Steel Dynamics Inc. (NASDAQ:STLD) are the most notable, showing a gain of 6.1% and 4.0%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is up 0.6% in midday trading, and down 2.48% on a year-to-date basis. Nucor Corp., meanwhile, is up 7.71% year-to-date, and Steel Dynamics Inc. is up 2.94% year-to-date. Combined, NUE and STLD make up approximately 6.6% of the underlying holdings of XLB.

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:

Metals Channel

Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Tuesday. As you can see, eight sectors are up on the day, while one sector is down.

Sector% Change
Energy+0.6%
Materials+0.4%
Industrial+0.3%
Financial+0.2%
Consumer Products+0.1%
Services+0.1%
Utilities+0.1%
Healthcare+0.1%
Technology & Communications-0.6%


This Article's Word Cloud:   Among   Change   Combined   Communications   Comparing   Consumer   Corp   Dividend   Dynamics   ETFs   Energy   Financial   Giants   Healthcare   Held   Here   Industrial   Marathon   Materials   NYSE   Nucor   Petroleum   Phillips   SPDR   STLD   Sector   Select   Steel   Tuesday   afternoon   approximately   basis   best   date   down   gain   holdings   large   make   meanwhile   performing   respectively   sector   sectors   showing   stocks   trading   underlying   which   year
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