Latecomers in the Monday sector: healthcare, technology and communications


THELooking at the worst-off sectors Monday at noon, shares of healthcare companies underperform other sectors, posting a loss of 0.5%. Within that group, Moderna Inc (ticker: MRNA) and Catalent Inc (ticker: CTLT) were two of the day’s laggards, posting losses of 3.3% and 2.8%, respectively. Among ETF health, the ETF next to the sector is the Health Care Select Sector SPDR ETF (ticker: XLV), which is down 0.6% on the day and up 15.94% year-to-date. Moderna Inc, meanwhile, is up 222.87% year-to-date, and Catalent Inc is up 8.60% year-to-date. Together, MRNA and CTLT represent approximately 2.6% of the underlying holdings of XLV.

The second worst performing sector is the technology and communications sector, posting a loss of 0.2%. Among the big tech and communications stocks, Twitter Inc (ticker: TWTR) and NVIDIA Corp (ticker: NVDA) are the most notable, posting losses of 5.2% and 2.1%, respectively. The Technology Select Sector SPDR ETF (XLK), which closely tracks technology and communications stocks, is down 0.1% at midday and up 19.22% year-to-date. ‘year. Twitter Inc, meanwhile, is up 25.52% year-to-date, and NVIDIA Corp is up 46.76% year-to-date. NVDA represents approximately 4.6% of the underlying holdings of XLK.

Comparing these stocks and ETFs on a rolling twelve month basis, below is a chart of relative stock price performance, with each of the symbols displayed in a different color, as shown in the legend at the bottom:

Here is an overview of the evolution of the S&P 500 components in the various sectors Monday afternoon. As you can see, five sectors are up on this day while three sectors are down.

Sector % Switch
Energy + 2.0%
Materials + 0.7%
Consumer products + 0.5%
Services + 0.3%
Financial + 0.3%
Industrial -0.0%
Utilities -0.1%
Technology and communication -0.2%
Health care -0.5%

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

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