News

We provide the latest news
from the world of economics and finance

Back
31 May
Friday Sector Leaders: Energy, Utilities

The best performing sector as of midday Friday is the Energy sector, up 1.6%. Within that group, Valero Energy Corp (Symbol: VLO) and Marathon Petroleum Corp. (Symbol: MPC) are two large stocks leading the way, showing a gain of 3.5% and 2.7%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is up 1.8% on the day, and up 11.27% year-to-date. Valero Energy Corp, meanwhile, is up 21.80% year-to-date, and Marathon Petroleum Corp. is up 20.23% year-to-date. Combined, VLO and MPC make up approximately 7.3% of the underlying holdings of XLE.

The next best performing sector is the Utilities sector, up 1.1%. Among large Utilities stocks, Entergy Corp (Symbol: ETR) and NiSource Inc. (Symbol: NI) are the most notable, showing a gain of 3.5% and 3.3%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is up 0.8% in midday trading, and up 14.60% on a year-to-date basis. Entergy Corp, meanwhile, is up 12.42% year-to-date, and NiSource Inc. is up 10.85% year-to-date. Combined, ETR and NI make up approximately 3.2% of the underlying holdings of XLU.

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 Friday. As you can see, six sectors are up on the day, while one sector is down.

10 ETFs With Stocks That Insiders Are Buying »

Also see:

Utilities Stocks Hedge Funds Are Selling
CE Stock Predictions
XOS Options Chain

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.