News

We provide the latest news
from the world of economics and finance

Back
20 May
Tuesday Sector Leaders: Healthcare, Utilities

Looking at the sectors faring best as of midday Tuesday, shares of Healthcare companies are outperforming other sectors, higher by 0.5%. Within that group, Moderna Inc (Symbol: MRNA) and Incyte Corporation (Symbol: INCY) are two large stocks leading the way, showing a gain of 8.1% and 3.1%, respectively. Among healthcare ETFs, one ETF following the sector is the Health Care Select Sector SPDR ETF (Symbol: XLV), which is up 0.4% on the day, and down 1.50% year-to-date. Moderna Inc, meanwhile, is down 31.41% year-to-date, and Incyte Corporation, is down 4.79% year-to-date. Combined, MRNA and INCY make up approximately 0.4% of the underlying holdings of XLV.

The next best performing sector is the Utilities sector, up 0.4%. Among large Utilities stocks, Eversource Energy (Symbol: ES) and Dominion Energy Inc (Symbol: D) are the most notable, showing a gain of 3.5% and 2.8%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is up 0.6% in midday trading, and up 10.36% on a year-to-date basis. Eversource Energy, meanwhile, is up 17.08% year-to-date, and Dominion Energy Inc is up 8.54% year-to-date. Combined, ES and D make up approximately 5.7% of the underlying holdings of XLU.

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, three sectors are up on the day, while six sectors are down.

10 ETFs With Stocks That Insiders Are Buying »

Also see:

FOLD shares outstanding history
Institutional Holders of NEWS
Advanced Drainage Systems Past Earnings

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

х
Risk warning: Trading on financial markets carries risks. The value of the investments can both increase and decrease and the investors may lose all their investment capital. In case of a leveraged product, the loss may be more than the initial capital invested. Detailed information on risks associated with trading on financial markets can be found in General Terms and Conditions for the Provision of Investment Services.