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13 May
Tuesday Sector Laggards: Healthcare, Financial

In afternoon trading on Tuesday, Healthcare stocks are the worst performing sector, showing a 1.0% loss. Within that group, CVS Health Corporation (Symbol: CVS) and Centene Corp (Symbol: CNC) are two of the day's laggards, showing a loss of 5.1% and 4.7%, respectively. Among healthcare ETFs, one ETF following the sector is the Health Care Select Sector SPDR ETF (Symbol: XLV), which is down 2.4% on the day, and down 3.08% year-to-date. CVS Health Corporation, meanwhile, is up 39.93% year-to-date, and Centene Corp, is down 1.05% year-to-date. Combined, CVS and CNC make up approximately 2.2% of the underlying holdings of XLV.

The next worst performing sector is the Financial sector, showing a 0.3% loss. Among large Financial stocks, UnitedHealth Group Inc (Symbol: UNH) and Elevance Health Inc (Symbol: ELV) are the most notable, showing a loss of 16.1% and 8.1%, respectively. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF (XLF), which is up 0.7% in midday trading, and up 6.35% on a year-to-date basis. UnitedHealth Group Inc, meanwhile, is down 36.74% year-to-date, and Elevance Health Inc is up 4.28% year-to-date.

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 Tuesday. As you can see, six sectors are up on the day, while three sectors are down.

Sector% Change
Energy+2.2%
Technology & Communications+1.6%
Industrial+0.6%
Services+0.5%
Utilities+0.3%
Materials+0.3%
Consumer Products-0.1%
Financial-0.3%
Healthcare-1.0%

10 ETFs With Stocks That Insiders Are Buying »

Also see:

Institutional Holders of ESEA
WEX Average Annual Return
CNTG market cap history

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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