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Friday Sector Laggards: Utilities, Healthcare

In afternoon trading on Friday, Utilities stocks are the worst performing sector, showing a 0.2% loss. Within that group, American Water Works Co, Inc. (Symbol: AWK) and Sempra Energy (Symbol: SRE) are two large stocks that are lagging, showing a loss of 1.2% and 1.1%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.3% on the day, and down 7.69% year-to-date. American Water Works Co, Inc., meanwhile, is up 15.03% year-to-date, and Sempra Energy, is down 17.90% year-to-date. Combined, AWK and SRE make up approximately 7.5% of the underlying holdings of XLU.

The next worst performing sector is the Healthcare sector, showing a 0.2% loss. Among large Healthcare stocks, Hologic Inc (Symbol: HOLX) and ABIOMED, Inc. (Symbol: ABMD) are the most notable, showing a loss of 2.8% and 2.5%, respectively. One ETF closely tracking Healthcare stocks is the Health Care Select Sector SPDR ETF (XLV), which is down 0.3% in midday trading, and up 6.23% on a year-to-date basis. Hologic Inc, meanwhile, is up 14.57% year-to-date, and ABIOMED, Inc. is up 77.87% year-to-date. Combined, HOLX and ABMD make up approximately 0.7% of the underlying holdings of XLV.

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 Friday. As you can see, seven sectors are up on the day, while two sectors are down.

Sector % Change
Energy +1.6%
Industrial +0.8%
Services +0.7%
Technology & Communications +0.7%
Materials +0.7%
Consumer Products +0.4%
Financial +0.1%
Utilities -0.2%
Healthcare -0.2%

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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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