Markets

Tuesday Sector Laggards: Healthcare, Materials

The worst performing sector as of midday Tuesday is the Healthcare sector, showing a 0.5% loss. Within the sector, ABIOMED, Inc. (Symbol: ABMD) and Hologic Inc (Symbol: HOLX) are two large stocks that are lagging, showing a loss of 3.0% and 2.0%, respectively. Among healthcare ETFs , one ETF following the sector is the Health Care Select Sector SPDR ETF (Symbol: XLV), which is down 0.2% on the day, and up 6.94% year-to-date. ABIOMED, Inc., meanwhile, is up 5.28% year-to-date, and Hologic Inc is up 12.00% year-to-date. Combined, ABMD and HOLX make up approximately 0.8% of the underlying holdings of XLV.

The next worst performing sector is the Materials sector, showing a 0.3% loss. Among large Materials stocks, Mosaic Co (Symbol: MOS) and Newmont Mining Corp (Symbol: NEM) are the most notable, showing a loss of 4.2% and 3.0%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF ( XLB ), which is down 0.2% in midday trading, and up 10.87% on a year-to-date basis. Mosaic Co , meanwhile, is up 7.50% year-to-date, and Newmont Mining Corp is up 1.10% year-to-date. Combined, MOS and NEM make up approximately 4.9% of the underlying holdings of XLB.

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 Tuesday. As you can see, two sectors are up on the day, while six sectors are down.

Sector % Change
Utilities +0.2%
Consumer Products +0.1%
Services 0.0%
Financial -0.1%
Technology & Communications -0.1%
Industrial -0.1%
Materials -0.3%
Energy -0.3%
Healthcare -0.5%

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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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ABMD HOLX XLB MOS XLV

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