Looking at the sectors faring worst as of midday Thursday, shares of Materials companies are underperforming other sectors, showing a 1.0% loss. Within the sector, Martin Marietta Materials, Inc. (Symbol: MLM) and Vulcan Materials Co (Symbol: VMC) are two of the day's laggards, showing a loss of 3.0% and 2.7%, respectively. Among the high volume ETFs , one ETF closely following materials stocks is the Materials Select Sector SPDR ETF (Symbol: XLB), which is down 0.9% on the day, and up 20.39% year-to-date. Martin Marietta Materials, Inc., meanwhile, is down 8.10% year-to-date, and Vulcan Materials Co , is down 3.48% year-to-date. Combined, MLM and VMC make up approximately 4.8% of the underlying holdings of XLB.
The next worst performing sector is the Healthcare sector, showing a 0.6% loss. Among large Healthcare stocks, Perrigo Company plc (Symbol: PRGO) and DaVita Inc (Symbol: DVA) are the most notable, showing a loss of 3.6% and 2.9%, respectively. One ETF closely tracking Healthcare stocks is the Health Care Select Sector SPDR ETF ( XLV ), which is down 0.8% in midday trading, and up 22.11% on a year-to-date basis. Perrigo Company plc, meanwhile, is up 0.43% year-to-date, and DaVita Inc is up 7.80% year-to-date. Combined, PRGO and DVA make up approximately 0.7% 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 Thursday. As you can see, none of the sectors are up on the day, while eight sectors are down.
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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.
