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Tuesday Sector Laggards: Healthcare, Technology & Communications

The worst performing sector as of midday Tuesday is the Healthcare sector, showing a 0.6% loss. Within the sector, Waters Corp. (Symbol: WAT) and Incyte Corporation (Symbol: INCY) are two large stocks that are lagging, showing a loss of 5.5% and 4.9%, respectively. Among healthcare ETFs, one ETF following the sector is the Health Care Select Sector SPDR ETF (Symbol: XLV), which is down 1.1% on the day, and down 1.05% year-to-date. Waters Corp., meanwhile, is down 21.16% year-to-date, and Incyte Corporation is up 12.16% year-to-date. Combined, WAT and INCY make up approximately 0.8% of the underlying holdings of XLV.

The next worst performing sector is the Technology & Communications sector, up 0.7%. Among large Technology & Communications stocks, Activision Blizzard, Inc. (Symbol: ATVI) and Motorola Solutions Inc (Symbol: MSI) are the most notable, showing a loss of 4.0% and 3.7%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF (XLK), which is down 0.1% in midday trading, and down 2.17% on a year-to-date basis. Activision Blizzard, Inc., meanwhile, is up 8.98% year-to-date, and Motorola Solutions Inc, is down 7.31% year-to-date. MSI makes up approximately 0.5% of the underlying holdings of XLK.

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:

Energy Stock Channel

Here’s a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Tuesday. As you can see, eight sectors are up on the day, while one sector is down.

Sector % Change
Consumer Products +3.1%
Industrial +3.1%
Services +2.8%
Financial +2.8%
Energy +2.7%
Materials +2.3%
Utilities +0.9%
Technology & Communications +0.7%
Healthcare -0.6%

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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.

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