Wednesday, August 5, 2015
Tuesday Sector Laggards: Utilities, Technology & Communications
In afternoon trading on Tuesday, Utilities stocks are the worst performing sector, showing a 1.6% loss. Within the sector, NRG Energy Inc (NYSE: NRG) and Entergy Corp. (NYSE: ETR) are two large stocks that are lagging, showing a loss of 10.2% and 4.0%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (AMEX: XLU), which is down 1.4% on the day, and down 6.13% year-to-date. NRG Energy Inc, meanwhile, is down 24.16% year-to-date, and Entergy Corp., is down 19.99% year-to-date. Combined, NRG and ETR make up approximately 3.6% of the underlying holdings of XLU.