Thursday Sector Laggards: Technology & Communications, Healthcare

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Shutterstock photo

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In afternoon trading on Thursday, Technology & Communications stocks are the worst performing sector, showing a 1.3% loss. Within the sector, Seagate Technology plc (Symbol: STX) and IPG Photonics Corp (Symbol: IPGP) are two of the day's laggards, showing a loss of 6.6% and 5.3%, respectively. Among technology ETFs , one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is down 1.3% on the day, and up 12.07% year-to-date. Seagate Technology plc, meanwhile, is up 32.48% year-to-date, and IPG Photonics Corp is up 15.36% year-to-date. Combined, STX and IPGP make up approximately 0.4% of the underlying holdings of XLK.

The next worst performing sector is the Healthcare sector, showing a 0.7% loss. Among large Healthcare stocks, Nektar Therapeutics (Symbol: NKTR) and ABIOMED, Inc. (Symbol: ABMD) are the most notable, showing a loss of 12.1% and 3.4%, 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 2.32% on a year-to-date basis. Nektar Therapeutics, meanwhile, is down 11.69% year-to-date, and ABIOMED, Inc. is up 111.53% year-to-date. Combined, NKTR and ABMD make up approximately 0.8% 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, four sectors are up on the day, while four sectors are down.

Sector % Change
Energy +1.7%
Utilities +0.7%
Services +0.3%
Consumer Products +0.2%
Financial 0.0%
Materials -0.2%
Industrial -0.4%
Healthcare -0.7%
Technology & Communications -1.3%

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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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