Markets

Friday Sector Laggards: Technology & Communications, Healthcare

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.

Sector % Change
Utilities +0.1%
Financial -0.4%
Materials -0.4%
Energy -0.9%
Consumer Products -1.0%
Services -1.1%
Industrial -1.2%
Healthcare -1.7%
Technology & Communications -1.8%

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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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TWTR PRGO FTNT XLK XLV

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