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Tuesday Sector Leaders: Healthcare, Technology & Communications

The best performing sector as of midday Tuesday is the Healthcare sector, up 0.9%. Within that group, ABIOMED, Inc. (Symbol: ABMD) and Alexion Pharmaceuticals Inc. (Symbol: ALXN) are two of the day's stand-outs, showing a gain of 3.6% and 2.8%, respectively. Among healthcare ETFs, one ETF following the sector is the Health Care Select Sector SPDR ETF (Symbol: XLV), which is up 0.6% on the day, and up 14.27% year-to-date. ABIOMED, Inc., meanwhile, is down 43.22% year-to-date, and Alexion Pharmaceuticals Inc. is up 14.02% year-to-date. Combined, ABMD and ALXN make up approximately 0.9% of the underlying holdings of XLV.

The next best performing sector is the Technology & Communications sector, up 0.3%. Among large Technology & Communications stocks, Advanced Micro Devices Inc (Symbol: AMD) and Broadcom Inc (Symbol: AVGO) are the most notable, showing a gain of 3.6% and 2.8%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF (XLK), which is up 0.4% in midday trading, and up 42.96% on a year-to-date basis. Advanced Micro Devices Inc, meanwhile, is up 123.84% year-to-date, and Broadcom Inc is up 28.90% year-to-date. Combined, AMD and AVGO make up approximately 2.7% of the underlying holdings of XLK.

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, four sectors are up on the day, while four sectors are down.

Sector % Change
Healthcare +0.9%
Technology & Communications +0.3%
Industrial +0.3%
Financial +0.2%
Utilities -0.0%
Materials -0.1%
Consumer Products -0.3%
Services -0.8%
Energy -1.2%

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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.

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