As of midday Tuesday, shares of financial companies are leading losses, with the sector down 0.6%. Standard and Poors Global Inc (SPGI) and Raymond James Financial Inc (RJF) report losses of 9.1% and 8.7%, respectively. The Financial Select Sector SPDR ETF (XLF) falls 1.4% on the day and is down 2.85% year-to-date. Year-to-date, SPGI is down 22.75%, while RJF has decreased by 0.97%, together accounting for about 2.0% of XLF’s holdings.
The Energy sector also underperformed, showing a 0.5% loss. Notable stocks Halliburton Company (HAL) and EQT Corp (EQT) are down 3.0% and 1.4%, respectively. The Energy Select Sector SPDR ETF (XLE) is down 0.2% for the day but up 19.72% year-to-date, while HAL and EQT are up 19.83% and 3.26% year-to-date, comprising approximately 3.9% of XLE’s holdings.
In total, seven sectors are positive while two—Energy and Financial—are in decline for the day. Overall market performance reflects uneven sector strength amidst ongoing trading.
