Energy and Utilities Sectors Lead Hold Steady Despite Market Dip

The midday trading session on Monday revealed that the Energy sector is the best performer, only down 0.2%. Within this sector, Schlumberger Ltd (Symbol: SLB) and APA Corp (Symbol: APA) are notable stocks, with gains of 2.1% and 0.4%, respectively. The Energy Select Sector SPDR ETF (Symbol: XLE), an ETF tracking this sector, is down 0.1% today but has seen a year-to-date increase of 10.29%. However, on a year-to-date basis, Schlumberger Ltd is down 16.19%, and APA Corp has dropped 27.49%. Together, these two companies represent roughly 5.0% of XLE’s holdings.

Utilities Sector Also Holds Its Ground

Following closely, the Utilities sector has lost just 0.5%. Noteworthy stocks in this area include Constellation Energy Corp (Symbol: CEG) and Public Service Enterprise Group Inc (Symbol: PEG), which have seen gains of 0.7% and 0.5%, respectively. The Utilities Select Sector SPDR ETF (XLU), which tracks utilities stocks, is down 0.5% in trading but up 31.30% year-to-date. Constellation Energy Corp has increased by 133.64% so far this year, while Public Service Enterprise Group Inc is up by 50.43%. CEG and PEG together account for about 10.3% of XLU’s underlying holdings.

A comparison of these stocks and ETFs over the trailing twelve months is provided in the chart below, with each stock symbol marked in different colors as indicated in the legend:

Market Overview: S&P 500 Sectors in Afternoon Trading

An overview of S&P 500 components shows how various sectors are performing in afternoon trading on Monday. It is important to note that no sectors are currently up, while the majority, nine sectors, are experiencing declines.

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