Friday Sector Leaders: Healthcare, Technology & Communications

Looking at the sectors faring best as of midday Friday, shares of Healthcare companies are outperforming other sectors, up 0.8%. Within the sector, AbbVie Inc (Symbol: ABBV) and Bristol-Myers Squibb Co. (Symbol: BMY) are two large stocks leading the way, showing a gain of 2.5% and 2.4%, respectively. Among healthcare ETFs , one ETF following the sector is the Health Care Select Sector SPDR ETF (Symbol: XLV), which is up 1.1% on the day, and up 5.72% year-to-date. AbbVie Inc, meanwhile, is down 0.96% year-to-date, and Bristol-Myers Squibb Co., is down 13.17% year-to-date. Combined, ABBV and BMY make up approximately 6.8% of the underlying holdings of XLV.

The next best performing sector is the Technology & Communications sector, up 0.8%. Among large Technology & Communications stocks, Applied Materials, Inc. (Symbol: AMAT) and Advanced Micro Devices Inc (Symbol: AMD) are the most notable, showing a gain of 3.9% and 3.5%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF ( XLK ), which is up 0.8% in midday trading, and down 1.48% on a year-to-date basis. Applied Materials, Inc., meanwhile, is down 34.49% year-to-date, and Advanced Micro Devices Inc is up 76.12% year-to-date. Combined, AMAT and AMD make up approximately 1.1% of the underlying holdings of XLK.

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, eight sectors are up on the day, while one sector is down.

Sector % Change
Healthcare +0.8%
Technology & Communications +0.8%
Services +0.6%
Utilities +0.6%
Consumer Products +0.5%
Financial +0.5%
Industrial +0.5%
Materials +0.1%
Energy -0.3%

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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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