The Tuesday sector laggards: healthcare, technology and communications
TThe worst performing sector Tuesday at noon is the health sector, posting a loss of 1.5%. Within the sector, Charles River Laboratories International Inc. (Ticker: CRL) and PerkinElmer, Inc. (Ticker: PKI) are two large stocks that are lagging behind, posting a loss of 5.6% and 5.6%, respectively. Among ETF health, the ETF next to the sector is the Health Care Select Sector SPDR ETF (ticker: XLV), which is down 1.6% on the day and 2.58% year-to-date. Charles River Laboratories International Inc., meanwhile, is down 9.25% year-to-date, and PerkinElmer, Inc., 9.76% year-to-date. Together, CRLs and PKIs represent approximately 0.8% of XLV’s underlying holdings.
The second worst performing sector is the technology and communications sector, posting a loss of 1.3%. Among large tech and communications stocks, ServiceNow Inc (ticker: NOW) and Enphase Energy Inc. (ticker: ENPH) are the most notable, posting losses of 8.1% and 6.2%, respectively. The Technology Select Sector SPDR ETF (XLK), which closely tracks technology and communications stocks, is down 1.7% at midday and 0.76% year-to-date. year. ServiceNow Inc, meanwhile, is down 10.74% year-to-date, and Enphase Energy Inc., 5.40% year-to-date. Together, NOW and ENPH represent approximately 1.3% 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’s a look at how the components of the S&P 500 have moved across sectors in Tuesday afternoon trading. As you can see, seven sectors are up on this day while two sectors are down.
Sector | % Change |
---|---|
Energy | + 3.8% |
Financial | + 2.0% |
Consumer products | + 1.8% |
Materials | + 1.6% |
Industrial | + 1.3% |
Services | + 0.3% |
Utilities | + 0.3% |
Technology and communication | -1.3% |
Health care | -1.5% |
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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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