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Tuesday Sector Laggards: Utilities, Healthcare

The worst performing sector as of midday Tuesday is the Utilities sector, not showing much of a gain. Within that group, Entergy Corp (Symbol: ETR) and Public Service Enterprise Group Inc (Symbol: PEG) are two large stocks that are lagging, showing a loss of 1.6% and 1.2%, respectively. Among utilities ETFs , one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.1% on the day, and up 5.07% year-to-date. Entergy Corp, meanwhile, is up 4.85% year-to-date, and Public Service Enterprise Group Inc is up 8.58% year-to-date. Combined, ETR and PEG make up approximately 6.0% of the underlying holdings of XLU.

The next worst performing sector is the Healthcare sector, not showing much of a gain. Among large Healthcare stocks, Allergan PLC (Symbol: AGN) and Incyte Corporation (Symbol: INCY) are the most notable, showing a loss of 7.9% and 6.5%, 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 7.18% on a year-to-date basis. Allergan PLC, meanwhile, is down 0.79% year-to-date, and Incyte Corporation, is down 37.47% year-to-date. Combined, AGN and INCY make up approximately 1.9% 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 none of the sectors are down.

Sector % Change
Materials +2.1%
Consumer Products +2.0%
Services +1.3%
Energy +1.1%
Technology & Communications +0.9%
Industrial +0.7%
Financial +0.6%
Utilities 0.0%
Healthcare 0.0%

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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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