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Monday Sector Laggards: Energy, Materials

This article is more than 9 years old.

In afternoon trading on Monday, Energy stocks are the worst performing sector, showing a 2.5% loss. Within that group, Halliburton (NYSE: HAL) and Helmerich & Payne (NYSE: HP) are two large stocks that are lagging, showing a loss of 6.5% and 5.6%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (AMEX: XLE), which is down 2.3% on the day, and down 3.95% year-to-date. Halliburton, meanwhile, is up 3.63% year-to-date, and Helmerich & Payne, is down 0.07% year-to-date. Combined, HAL and HP make up approximately 3.5% of the underlying holdings of XLE.

The next worst performing sector is the Materials sector, showing a 1.7% loss. Among large Materials stocks, Nabors Industries (NYSE: NBR) and LyondellBasell Industries (NYSE: LYB) are the most notable, showing a loss of 6.0% and 5.7%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is down 1.8% in midday trading, and up 3.99% on a year-to-date basis. Nabors Industries, meanwhile, is up 4.41% year-to-date, and LyondellBasell Industries is up 10.99% year-to-date. LYB makes up approximately 6.5% of the underlying holdings of XLB.

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

Sector % Change
Technology & Communications +0.3%
Financial +0.2%
Services +0.1%
Healthcare +0.1%
Consumer Products 0.0%
Industrial -0.2%
Utilities -0.3%
Materials -1.7%
Energy -2.5%