Friday Sector Underperformers: Energy and Financials

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On Friday, energy stocks are leading losses on the market, down 1.9%. ConocoPhillips (COP) and Diamondback Energy, Inc. (FANG) are among the worst performers, with losses of 3.6% and 3.5%, respectively. The Energy Select Sector SPDR ETF (XLE) is down 2.2% for the day, although it has gained 3.41% year-to-date. ConocoPhillips’s year-to-date loss stands at 4.56%, while Diamondback Energy is down 14.08%, together representing approximately 9.1% of XLE’s holdings.

The financial sector also sees a decline of 1.1%. Notable stocks like Interactive Brokers Group Inc. (IBKR) and The Charles Schwab Corporation (SCHW) drop 6.2% and 5.7% respectively. The Financial Select Sector SPDR ETF (XLF) is down 2.1% today, although it has increased 10.20% year-to-date. IBKR is up 37.03% year-to-date, while SCHW shows a 25.50% increase, together making up about 2.4% of XLF’s holdings.

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