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Wednesday Sector Leaders: Utilities, Financial

By Energy Stock Channel Staff, Wednesday, April 17, 2:42 PM ET

In afternoon trading on Wednesday, Utilities stocks are the best performing sector, higher by 1.6%. Within that group, NextEra Energy Inc (NYSE:NEE) and Southern Company (NYSE:SO) are two large stocks leading the way, showing a gain of 2.7% and 2.7%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (NYSE:XLU), which is up 1.7% on the day, and up 1.64% year-to-date. NextEra Energy Inc, meanwhile, is up 5.20% year-to-date, and Southern Company is up 0.21% year-to-date. Combined, NEE and SO make up approximately 21.3% of the underlying holdings of XLU.

The next best performing sector is the Financial sector, up 0.5%. Among large Financial stocks, Globe Life Inc (NYSE:GL) and UnitedHealth Group Inc (NYSE:UNH) are the most notable, showing a gain of 5.4% and 3.0%, respectively. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF (XLF), which is up 0.5% in midday trading, and up 6.18% on a year-to-date basis. Globe Life Inc, meanwhile, is down 47.70% year-to-date, and UnitedHealth Group Inc, is down 7.90% year-to-date. GL makes up approximately 0.1% 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:

RediNews

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, five sectors are up on the day, while four sectors are down.

Sector% Change
Utilities+1.6%
Financial+0.5%
Consumer Products+0.2%
Materials+0.2%
Services+0.1%
Energy-0.1%
Industrial-0.2%
Healthcare-0.5%
Technology & Communications-0.5%


This Article's Word Cloud:   Among   Buying   Change   Combined   Communications   Company   Comparing   Consumer   ETFs   Energy   Financial   Globe   Group   Healthcare   Here   Industrial   Insiders   Life   Materials   NYSE   NextEra   Products   SPDR   Sector   Select   Services   Southern   UnitedHealth   Utilities   Wednesday   afternoon   approximately   basis   best   date   down   gain   holdings   large   meanwhile   performing   respectively   sector   sectors   showing   stocks   trading   underlying   which   year

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