Wednesday Sector Leaders: Technology & Communications, Healthcare

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Looking at the sectors faring best as of midday Wednesday, shares of Technology & Communications companies are outperforming other sectors, up 0.4%. Within that group, Autodesk Inc. (Symbol: ADSK) and Advanced Micro Devices, Inc. (Symbol: AMD) are two large stocks leading the way, showing a gain of 13.3% and 3.1%, respectively. Among technology ETFs , one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is up 0.1% on the day, and up 7.29% year-to-date. Autodesk Inc., meanwhile, is up 29.59% year-to-date, and Advanced Micro Devices, Inc. is up 18.00% year-to-date. Combined, ADSK and AMD make up approximately 0.7% of the underlying holdings of XLK.

The next best performing sector is the Healthcare sector, up 0.2%. Among large Healthcare stocks, Danaher Corp (Symbol: DHR) and Zimmer Biomet Holdings Inc (Symbol: ZBH) are the most notable, showing a gain of 3.1% and 2.2%, 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 1.74% on a year-to-date basis. Danaher Corp, meanwhile, is up 8.63% year-to-date, and Zimmer Biomet Holdings Inc, is down 0.02% year-to-date. Combined, DHR and ZBH make up approximately 2.6% 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, two sectors are up on the day, while seven sectors are down.

Sector % Change
Technology & Communications +0.4%
Healthcare +0.2%
Financial -0.4%
Industrial -0.4%
Materials -0.8%
Utilities -1.0%
Energy -1.0%
Consumer Products -1.1%
Services -1.6%

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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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