Markets

Monday Sector Laggards: Utilities, Healthcare

Looking at the sectors faring worst as of midday Monday, shares of Utilities companies are underperforming other sectors, showing a 0.6% loss. Within the sector, Evergy Inc (Symbol: EVRG) and Edison International (Symbol: EIX) are two large stocks that are lagging, showing a loss of 1.6% and 1.6%, respectively. Among utilities ETFs , one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.6% on the day, and up 10.13% year-to-date. Evergy Inc, meanwhile, is up 0.78% year-to-date, and Edison International is up 10.79% year-to-date. Combined, EVRG and EIX make up approximately 4.5% of the underlying holdings of XLU.

The next worst performing sector is the Healthcare sector, showing a 0.5% loss. Among large Healthcare stocks, Boston Scientific Corp. (Symbol: BSX) and Becton, Dickinson & Co (Symbol: BDX) are the most notable, showing a loss of 5.4% and 4.3%, respectively. One ETF closely tracking Healthcare stocks is the Health Care Select Sector SPDR ETF ( XLV ), which is down 0.4% in midday trading, and up 6.30% on a year-to-date basis. Boston Scientific Corp., meanwhile, is up 7.63% year-to-date, and Becton, Dickinson & Co is up 8.19% year-to-date. Combined, BSX and BDX make up approximately 3.5% 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, six sectors are up on the day, while three sectors are down.

Sector % Change
Energy +1.8%
Consumer Products +0.5%
Financial +0.5%
Industrial +0.5%
Services +0.4%
Materials +0.2%
Technology & Communications -0.2%
Healthcare -0.5%
Utilities -0.6%

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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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EVRG BSX XLV XLU EIX

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