The worst performing sector as of midday Thursday is the Energy sector, showing a 2.7% loss. Within that group, Occidental Petroleum Corp (Symbol: OXY) and Hess Corp (Symbol: HES) are two large stocks that are lagging, showing a loss of 6.7% and 6.5%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 4.0% on the day, and down 38.00% year-to-date. Occidental Petroleum Corp, meanwhile, is down 59.50% year-to-date, and Hess Corp, is down 29.26% year-to-date. Combined, OXY and HES make up approximately 4.4% of the underlying holdings of XLE.
The next worst performing sector is the Materials sector, showing a 2.2% loss. Among large Materials stocks, WestRock Co (Symbol: WRK) and Dow Inc (Symbol: DOW) are the most notable, showing a loss of 6.1% and 4.7%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is down 2.1% in midday trading, and down 1.03% on a year-to-date basis. WestRock Co, meanwhile, is down 32.24% year-to-date, and Dow Inc, is down 21.64% year-to-date. Combined, WRK and DOW make up approximately 5.3% of the underlying holdings of XLB.
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 Thursday. As you can see, one sector is up on the day, while eight sectors are down.
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