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Tuesday Sector Laggards: Utilities, Services

This article is more than 9 years old.

The worst performing sector as of midday Tuesday is the Utilities sector, showing a 0.3% loss. Within the sector, Southern Company (NYSE: SO) and Pinnacle West Capital (NYSE: PNW) are two of the day's laggards, showing a loss of 1.4% and 1.3%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (AMEX: XLU), which is down 0.4% on the day, and up 19.41% year-to-date. Southern Company , meanwhile, is up 17.48% year-to-date, and Pinnacle West Capital is up 14.43% year-to-date. Combined, SO and PNW make up approximately 8.7% of the underlying holdings of XLU.

The next worst performing sector is the Services sector, up 0.3%. Among large Services stocks, Kohl's (NYSE: KSS) and Starwood Hotels & Resorts Worldwide (NYSE: HOT) are the most notable, showing a loss of 7.0% and 6.2%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF (IYC), which is up 0.5% in midday trading, and up 4.09% on a year-to-date basis. Kohl's Corp., meanwhile, is down 2.01% year-to-date, and Starwood Hotels & Resorts Worldwide Inc, is down 0.58% year-to-date. Combined, KSS and HOT make up approximately 0.9% of the underlying holdings of IYC.

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

Sector % Change
Energy +2.3%
Industrial +1.4%
Technology & Communications +1.2%
Materials +1.0%
Consumer Products +0.8%
Healthcare +0.5%
Financial +0.4%
Services +0.3%
Utilities -0.3%