Tuesday Sector Laggards: Utilities, Healthcare

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Looking at the sectors faring worst as of midday Tuesday, shares of Utilities companies are underperforming other sectors, showing a 1.1% loss. Within that group, Pinnacle West Capital Corp (Symbol: PNW) and FirstEnergy Corp (Symbol: FE) are two large stocks that are lagging, showing a loss of 2.1% and 2.0%, respectively. Among utilities ETFs , one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 1.1% on the day, and down 6.23% year-to-date. Pinnacle West Capital Corp, meanwhile, is down 9.48% year-to-date, and FirstEnergy Corp is up 5.65% year-to-date. Combined, PNW and FE make up approximately 3.7% of the underlying holdings of XLU.

The next worst performing sector is the Healthcare sector, showing a 0.2% loss. Among large Healthcare stocks, Vertex Pharmaceuticals, Inc. (Symbol: VRTX) and Bristol-Myers Squibb Co. (Symbol: BMY) are the most notable, showing a loss of 3.5% and 2.1%, respectively. One ETF closely tracking Healthcare stocks is the Health Care Select Sector SPDR ETF ( XLV ), which is down 0.5% in midday trading, and up 1.61% on a year-to-date basis. Vertex Pharmaceuticals, Inc., meanwhile, is up 11.49% year-to-date, and Bristol-Myers Squibb Co. is up 7.36% year-to-date. Combined, VRTX and BMY make up approximately 4.8% 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 Tuesday. As you can see, seven sectors are up on the day, while two sectors are down.

Sector % Change
Materials +1.2%
Industrial +0.5%
Services +0.4%
Financial +0.4%
Technology & Communications +0.4%
Consumer Products +0.3%
Energy +0.1%
Healthcare -0.2%
Utilities -1.1%

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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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