Wednesday Sector Laggards: Energy, Consumer Products

In afternoon trading on Wednesday, Energy stocks are the worst performing sector, showing a 1.1% loss. Within the sector, Phillips 66 (NYSE:PSX) and Coterra Energy Inc (NYSE:CTRA) are two large stocks that are lagging, showing a loss of 2.8% and 2.1%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (NYSE:XLE), which is down 1.1% on the day, and down 2.84% year-to-date. Phillips 66, meanwhile, is down 2.75% year-to-date, and Coterra Energy Inc, is down 1.21% year-to-date. Combined, PSX and CTRA make up approximately 5.3% of the underlying holdings of XLE.

The next worst performing sector is the Consumer Products sector, showing a 0.6% loss. Among large Consumer Products stocks, McCormick & Co Inc (NYSE:MKC) and Estee Lauder Cos., Inc. (NYSE:EL) are the most notable, showing a loss of 2.9% and 2.5%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF (IYK), which is down 0.6% in midday trading, and up 0.70% on a year-to-date basis. McCormick & Co Inc, meanwhile, is down 4.02% year-to-date, and Estee Lauder Cos., Inc., is down 7.17% year-to-date. MKC makes up approximately 0.8% of the underlying holdings of IYK.

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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 Wednesday. As you can see, four sectors are up on the day, while four sectors are down.