THELooking at the sectors doing the best at noon Tuesday, shares of healthcare companies outperformed other sectors, up 0.3%. Within this group, Zimmer Biomet Holdings Inc (ticker: ZBH) and Perrigo Company plc (ticker: PRGO) are two large stocks leading, posting a gain of 6.3% and 3.7%, respectively. Among ETF health, the ETF next to the sector is the Health Care Select Sector SPDR ETF (ticker: XLV), which is up 0.1% on the day and 17.56% year-to-date. Zimmer Biomet Holdings Inc, meanwhile, is down 2.39% year-to-date, and Perrigo Company plc is up 5.88% year-to-date. Together, ZBH and PRGO represent approximately 0.7% of the underlying holdings of XLV.
The second best performing sector is technology and communications, losing just 0.1%. Among the big tech and communications stocks, Fortinet Inc (ticker: FTNT) and Xilinx, Inc. (ticker: XLNX) are the most notable, posting gains of 2.5% and 2.0%, respectively. The Technology Select Sector SPDR ETF (XLK), which closely tracks technology and communications stocks, is up 0.1% at midday and 21.12% year-to-date . Fortinet Inc, meanwhile, is up 104.85% year-to-date, and Xilinx, Inc. is up 11.58% year-to-date. Together, FTNT and XLNX represent approximately 0.7% 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, one sector is up on this day while eight sectors are down.
| Sector | % Switch |
|---|---|
| Health care | + 0.3% |
| Technology and communication | -0.1% |
| Utilities | -0.5% |
| Consumer products | -0.7% |
| Industrial | -0.7% |
| Materials | -1.1% |
| Energy | -1.1% |
| Financial | -1.2% |
| Services | -1.3% |
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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.
