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from the world of economics and financeLooking 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.
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