Markets

Wednesday Sector Laggards: Technology & Communications, Healthcare

The worst performing sector as of midday Wednesday is the Technology & Communications sector, showing a 1.1% loss. Within the sector, Twitter Inc (Symbol: TWTR ) and Arista Networks Inc (Symbol: ANET) are two large stocks that are lagging, showing a loss of 4.9% and 4.7%, respectively. Among technology ETFs , one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is down 1.2% on the day, and up 17.12% year-to-date. Twitter Inc, meanwhile, is up 37.96% year-to-date, and Arista Networks Inc is up 17.21% year-to-date. Combined, TWTR and ANET make up approximately 0.5% of the underlying holdings of XLK.

The next worst performing sector is the Healthcare sector, showing a 0.6% loss. Among large Healthcare stocks, ABIOMED, Inc. (Symbol: ABMD) and Align Technology Inc (Symbol: ALGN) are the most notable, showing a loss of 6.2% and 3.9%, respectively. One ETF closely tracking Healthcare stocks is the Health Care Select Sector SPDR ETF ( XLV ), which is down 0.2% in midday trading, and up 11.88% on a year-to-date basis. ABIOMED, Inc., meanwhile, is up 105.89% year-to-date, and Align Technology Inc is up 66.66% year-to-date. Combined, ABMD and ALGN make up approximately 1.2% 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 Wednesday. As you can see, five sectors are up on the day, while four sectors are down.

Sector % Change
Utilities +0.9%
Consumer Products +0.7%
Materials +0.7%
Financial +0.3%
Industrial +0.1%
Services -0.3%
Energy -0.5%
Healthcare -0.6%
Technology & Communications -1.1%

25 Dividend Giants Widely Held By ETFs »

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.

In This Story

ABMD TWTR XLK ANET XLV

Other Topics

Investing

Latest Markets Videos