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Tuesday Sector Leaders: Healthcare, Technology & Communications

Looking at the sectors faring best as of midday Tuesday, shares of Healthcare companies are outperforming other sectors, higher by 2.8%. Within the sector, Stryker Corp (Symbol: SYK) and Regeneron Pharmaceuticals, Inc. (Symbol: REGN) are two of the day’s stand-outs, showing a gain of 6.2% and 6.2%, respectively. Among healthcare ETFs, one ETF following the sector is the Health Care Select Sector SPDR ETF (Symbol: XLV), which is up 2.8% on the day, and down 0.97% year-to-date. Stryker Corp, meanwhile, is down 9.40% year-to-date, and Regeneron Pharmaceuticals, Inc. is up 53.31% year-to-date. Combined, SYK and REGN make up approximately 2.6% of the underlying holdings of XLV.

The next best performing sector is the Technology & Communications sector, higher by 2.8%. Among large Technology & Communications stocks, IPG Photonics Corp (Symbol: IPGP) and Jack Henry & Associates, Inc. (Symbol: JKHY) are the most notable, showing a gain of 22.7% and 7.5%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF (XLK), which is up 2.4% in midday trading, and up 1.06% on a year-to-date basis. IPG Photonics Corp, meanwhile, is up 0.79% year-to-date, and Jack Henry & Associates, Inc. is up 19.89% year-to-date. Combined, IPGP and JKHY make up approximately 0.3% 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:

Canada 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, nine sectors are up on the day, while none of the sectors are down.

Sector % Change
Healthcare +2.8%
Technology & Communications +2.8%
Utilities +1.7%
Industrial +1.4%
Energy +1.3%
Financial +1.2%
Consumer Products +1.1%
Materials +1.0%
Services +0.5%

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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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