Markets

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.


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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ALXN XLV ARNC DVA XLB

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