Friday Sector Laggards: Healthcare, Utilities

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Looking at the sectors faring worst as of midday Friday, shares of Healthcare companies are underperforming other sectors, showing a 1.0% loss. Within that group, Endo International plc (Symbol: ENDP) and Perrigo Company plc (Symbol: PRGO) are two large stocks that are lagging, showing a loss of 41.2% and 4.5%, respectively. Among healthcare ETFs , one ETF following the sector is the Health Care Select Sector SPDR ETF (Symbol: XLV), which is down 0.6% on the day, and down 3.66% year-to-date. Endo International plc, meanwhile, is down 74.46% year-to-date, and Perrigo Company plc, is down 35.83% year-to-date. Combined, ENDP and PRGO make up approximately 0.7% of the underlying holdings of XLV.

The next worst performing sector is the Utilities sector, showing a 0.5% loss. Among large Utilities stocks, Southern Company (Symbol: SO) and Consolidated Edison, Inc. (Symbol: ED) are the most notable, showing a loss of 2.3% and 2.1%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF ( XLU ), which is down 0.7% in midday trading, and up 13.60% on a year-to-date basis. Southern Company , meanwhile, is up 6.85% year-to-date, and Consolidated Edison, Inc. is up 16.17% year-to-date. Combined, SO and ED make up approximately 10.8% of the underlying holdings of XLU.

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
Materials +0.8%
Technology & Communications +0.6%
Industrial +0.6%
Consumer Products +0.5%
Services +0.3%
Financial +0.3%
Energy +0.2%
Utilities -0.5%
Healthcare -1.0%

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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.

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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