Markets

Monday Sector Laggards: Technology & Communications, Healthcare

The worst performing sector as of midday Monday is the Technology & Communications sector, showing a 1.3% loss. Within the sector, Qorvo Inc (Symbol: QRVO) and Monolithic Power Systems Inc (Symbol: MPWR) are two of the day's laggards, showing a loss of 6.8% and 5.9%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is down 1.8% on the day, and up 5.28% year-to-date. Qorvo Inc, meanwhile, is up 3.24% year-to-date, and Monolithic Power Systems Inc, is down 11.80% year-to-date. Combined, QRVO and MPWR make up approximately 0.4% of the underlying holdings of XLK.

The next worst performing sector is the Healthcare sector, higher by 0.5%. Among large Healthcare stocks, Align Technology Inc (Symbol: ALGN) and ABIOMED, Inc. (Symbol: ABMD) are the most notable, showing a loss of 6.8% and 3.7%, respectively. One ETF closely tracking Healthcare stocks is the Health Care Select Sector SPDR ETF (XLV), which is up 0.7% in midday trading, and up 10.47% on a year-to-date basis. Align Technology Inc, meanwhile, is up 4.32% year-to-date, and ABIOMED, Inc., is down 11.85% year-to-date. Combined, ALGN and ABMD make up approximately 1.2% 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 Monday. As you can see, eight sectors are up on the day, while one sector is down.

Sector % Change
Energy +1.6%
Utilities +1.5%
Financial +1.2%
Consumer Products +0.7%
Services +0.6%
Industrial +0.6%
Materials +0.6%
Healthcare +0.5%
Technology & Communications -1.3%

10 ETFs With Stocks That Insiders Are Buying »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

QRVO MPWR XLK ALGN ABMD

Other Topics

Stocks

Latest Markets Videos

    BNK Invest

    BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.

    Learn More