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Wednesday Sector Leaders: Energy, Consumer Products

This article is more than 9 years old.

Looking at the sectors faring best as of midday Wednesday, shares of Energy companies are outperforming other sectors, higher by 2.1%. Within that group, Noble Corp plc (NYSE: NE) and Denbury Resources, Inc. (NYSE: DNR) are two large stocks leading the way, showing a gain of 5.3% and 5.0%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (AMEX: XLE), which is up 1.8% on the day, and down 1.48% year-to-date. Noble Corp plc, meanwhile, is down 8.12% year-to-date, and Denbury Resources, Inc. , is down 4.70% year-to-date. Combined, NE and DNR make up approximately 0.6% of the underlying holdings of XLE.

The next best performing sector is the Consumer Products sector, not showing much of a loss. Among large Consumer Products stocks, Kraft Foods Group Inc (NASD: KRFT) and Mondelez International Inc (NASD: MDLZ) are the most notable, showing a gain of 35.0% and 2.8%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF (IYK), which is up 0.1% in midday trading, and up 0.31% on a year-to-date basis. Kraft Foods Group Inc, meanwhile, is up 32.08% year-to-date, and Mondelez International Inc, is down 0.92% year-to-date. Combined, KRFT and MDLZ make up approximately 5.1% 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, one sector is up on the day, while seven sectors are down.

Sector % Change
Energy +2.1%
Consumer Products 0.0%
Materials -0.5%
Utilities -0.6%
Services -1.1%
Industrial -1.1%
Healthcare -1.2%
Financial -1.2%
Technology & Communications -2.3%