HOLX

Wednesday Sector Laggards: Utilities, Healthcare

In afternoon trading on Wednesday, Utilities stocks are the worst performing sector, showing a 3.0% loss. Within that group, Alliant Energy Corp (Symbol: LNT) and NRG Energy Inc (Symbol: NRG) are two of the day's laggards, showing a loss of 19.1% and 4.0%, respectively. Among utilities ETFs , one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 1.9% on the day, and roughly flat year-to-date. Alliant Energy Corp, meanwhile, is roughly flat on a year-to-date basis, and NRG Energy Inc, is roughly flat on a year-to-date basis. Combined, LNT and NRG make up approximately 3.0% of the underlying holdings of XLU.

The next worst performing sector is the Healthcare sector, showing a 0.9% loss. Among large Healthcare stocks, Hologic Inc (Symbol: HOLX) and ABIOMED, Inc. (Symbol: ABMD) are the most notable, showing a loss of 5.5% and 4.1%, respectively. One ETF closely tracking Healthcare stocks is the Health Care Select Sector SPDR ETF ( XLV ), which is down 1.5% in midday trading, and roughly flat year-to-date. Hologic Inc, meanwhile, is roughly flat on a year-to-date basis, and ABIOMED, Inc., is roughly flat on a year-to-date basis. Combined, HOLX and ABMD make up approximately 0.8% 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.

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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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