Friday Sector Laggards: Utilities, Healthcare

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Looking at the sectors faring worst as of midday Friday, shares of Utilities companies are underperforming other sectors, showing a 0.5% loss. Within the sector, SCANA Corp (Symbol: SCG) and AES Corp. (Symbol: AES) are two large stocks that are lagging, showing a loss of 2.9% and 1.3%, respectively. Among utilities ETFs , one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.5% on the day, and up 17.65% year-to-date. SCANA Corp, meanwhile, is down 37.87% year-to-date, and AES Corp., is down 4.39% year-to-date. Combined, SCG and AES make up approximately 1.9% of the underlying holdings of XLU.

The next worst performing sector is the Healthcare sector, showing a 0.1% loss. Among large Healthcare stocks, AmerisourceBergen Corp. (Symbol: ABC) and Envision Healthcare Corp (Symbol: EVHC) are the most notable, showing a loss of 1.9% and 1.3%, respectively. One ETF closely tracking Healthcare stocks is the Health Care Select Sector SPDR ETF ( XLV ), which is down 0.2% in midday trading, and up 19.35% on a year-to-date basis. AmerisourceBergen Corp., meanwhile, is up 1.68% year-to-date, and Envision Healthcare Corp, is down 54.38% year-to-date. Combined, ABC and EVHC make up approximately 0.6% 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, five sectors are up on the day, while four sectors are down.

Sector % Change
Services +1.9%
Energy +1.2%
Consumer Products +0.3%
Materials +0.3%
Financial +0.1%
Healthcare -0.1%
Technology & Communications -0.1%
Industrial -0.1%
Utilities -0.5%

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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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