Wednesday Sector Laggards: Healthcare, Materials

In afternoon trading on Wednesday, Healthcare stocks are the worst performing sector, showing a 4.0% loss. Within that group, Alexion Pharmaceuticals Inc. (Symbol: ALXN) and DaVita Inc (Symbol: DVA) are two large stocks that are lagging, showing a loss of 8.9% and 8.0%, respectively. Among healthcare ETFs, one ETF following the sector is the Health Care Select Sector SPDR ETF (Symbol: XLV), which is down 3.3% on the day, and down 0.88% year-to-date. Alexion Pharmaceuticals Inc., meanwhile, is up 28.18% year-to-date, and DaVita Inc, is down 1.14% year-to-date. Combined, ALXN and DVA make up approximately 1.1% of the underlying holdings of XLV.

The next worst performing sector is the Materials sector, showing a 0.7% loss. Among large Materials stocks, Arconic Inc (Symbol: ARNC) and WestRock Co (Symbol: WRK) are the most notable, showing a loss of 3.6% and 2.9%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is down 0.5% in midday trading, and up 14.98% on a year-to-date basis. Arconic Inc, meanwhile, is up 18.56% year-to-date, and WestRock Co, is down 3.99% year-to-date. WRK makes up approximately 1.5% of the underlying holdings of XLB.

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 Wednesday. As you can see, four sectors are up on the day, while five sectors are down.

Sector % Change
Energy +0.3%
Consumer Products +0.2%
Services +0.2%
Industrial +0.1%
Utilities -0.2%
Technology & Communications -0.3%
Financial -0.6%
Materials -0.7%
Healthcare -4.0%

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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.

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