Looking at the sectors faring worst as of midday Friday, shares of Technology & Communications companies are underperforming other sectors, showing a 1.8% loss. Within that group, Twitter Inc (Symbol: TWTR ) and Fortinet Inc (Symbol: FTNT) are two of the day's laggards, showing a loss of 6.2% and 5.2%, respectively. Among technology ETFs , one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is down 2.4% on the day, and down 5.26% year-to-date. Twitter Inc, meanwhile, is up 14.47% year-to-date, and Fortinet Inc is up 51.54% year-to-date. FTNT makes up approximately 0.2% of the underlying holdings of XLK.
The next worst performing sector is the Healthcare sector, showing a 1.7% loss. Among large Healthcare stocks, Perrigo Company plc (Symbol: PRGO) and Nektar Therapeutics (Symbol: NKTR) are the most notable, showing a loss of 26.6% and 5.2%, respectively. One ETF closely tracking Healthcare stocks is the Health Care Select Sector SPDR ETF ( XLV ), which is down 1.1% in midday trading, and up 1.84% on a year-to-date basis. Perrigo Company plc, meanwhile, is down 55.00% year-to-date, and Nektar Therapeutics, is down 48.17% year-to-date. Combined, PRGO and NKTR make up approximately 0.3% 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, one sector is up on the day, while eight sectors are down.
Technology & Communications
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