Looking at the sectors faring best as of midday Tuesday, shares of Energy companies are outperforming other sectors, higher by 2.9%. Within the sector, Noble Energy Inc (Symbol: NBL) and Apache Corp (Symbol: APA) are two of the day's stand-outs, showing a gain of 7.8% and 5.3%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is up 2.5% on the day, and down 37.85% year-to-date. Noble Energy Inc, meanwhile, is down 61.82% year-to-date, and Apache Corp, is down 47.38% year-to-date. Combined, NBL and APA make up approximately 1.5% of the underlying holdings of XLE.
The next best performing sector is the Healthcare sector, up 1.5%. Among large Healthcare stocks, Align Technology Inc (Symbol: ALGN) and Edwards Lifesciences Corp (Symbol: EW) are the most notable, showing a gain of 9.5% and 4.9%, respectively. One ETF closely tracking Healthcare stocks is the Health Care Select Sector SPDR ETF (XLV), which is up 1.2% in midday trading, and up 1.44% on a year-to-date basis. Align Technology Inc, meanwhile, is up 6.07% year-to-date, and Edwards Lifesciences Corp, is down 9.38% year-to-date. Combined, ALGN and EW make up approximately 1.6% 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, eight sectors are up on the day, while one sector is down.
| Sector | % Change |
|---|---|
| Energy | +2.9% |
| Healthcare | +1.5% |
| Consumer Products | +1.3% |
| Materials | +1.3% |
| Industrial | +1.1% |
| Technology & Communications | +0.7% |
| Services | +0.5% |
| Utilities | +0.3% |
| Financial | -0.1% |
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
