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| Tuesday Sector Laggards: Materials, EnergyBy Metals Channel Staff, Tuesday, March 23, 3:00 PM ET
Looking at the sectors faring worst as of midday Tuesday, shares of Materials companies are underperforming other sectors, showing a 1.7% loss. Within the sector, Freeport-McMoran Copper & Gold (NYSE:FCX) and Mosaic Co (NYSE:MOS) are two of the day's laggards, showing a loss of 6.2% and 5.1%, respectively. Among the high volume ETFs, one ETF closely following materials stocks is the Materials Select Sector SPDR ETF (NYSE:XLB), which is down 1.4% on the day, and up 6.26% year-to-date. Freeport-McMoran Copper & Gold, meanwhile, is up 26.25% year-to-date, and Mosaic Co is up 33.68% year-to-date. Combined, FCX and MOS make up approximately 6.7% of the underlying holdings of XLB. The next worst performing sector is the Energy sector, showing a 1.5% loss. Among large Energy stocks, Marathon Oil Corp. (NYSE:MRO) and NOV Inc (NYSE:NOV) are the most notable, showing a loss of 5.7% and 3.5%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF (XLE), which is down 0.7% in midday trading, and up 28.60% on a year-to-date basis. Marathon Oil Corp., meanwhile, is up 53.60% year-to-date, and NOV Inc is up 0.91% year-to-date. Combined, MRO and NOV make up approximately 1.6% of the underlying holdings of XLE. 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 Tuesday. As you can see, one sector is up on the day, while eight sectors are down.
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