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XLU

Tuesday Sector Laggards: Utilities, Healthcare

Looking at the sectors faring worst as of midday Tuesday, shares of Utilities companies are underperforming other sectors, showing a 0.4% loss. Within that group, SCANA Corp (Symbol: SCG) and PG&E Corp (Symbol: PCG) are two large stocks that are lagging, showing a loss of 4.8% and 2.1%, respectively. Among utilities ETFs , one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.3% on the day, and up 2.52% year-to-date. SCANA Corp, meanwhile, is up 2.83% year-to-date, and PG&E Corp , is down 2.64% year-to-date. Combined, SCG and PCG make up approximately 4.0% of the underlying holdings of XLU.

The next worst performing sector is the Healthcare sector, showing a 0.1% loss. Among large Healthcare stocks, DENTSPLY SIRONA Inc (Symbol: XRAY) and Henry Schein Inc (Symbol: HSIC) are the most notable, showing a loss of 18.2% and 3.4%, respectively. One ETF closely tracking Healthcare stocks is the Health Care Select Sector SPDR ETF ( XLV ), which is flat on the day in midday trading, and up 9.60% on a year-to-date basis. DENTSPLY SIRONA Inc, meanwhile, is down 39.56% year-to-date, and Henry Schein Inc is up 13.55% year-to-date. Combined, XRAY and HSIC make up approximately 0.6% 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, six sectors are up on the day, while two sectors are down.

Sector % Change
Energy +0.8%
Financial +0.5%
Industrial +0.5%
Technology & Communications +0.4%
Services +0.3%
Materials +0.1%
Consumer Products -0.0%
Healthcare -0.1%
Utilities -0.4%

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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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