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Wednesday Sector Laggards: Healthcare, Technology & Communications

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In afternoon trading on Wednesday, Healthcare stocks are the worst performing sector, showing a 0.8% loss. Within that group, Cardinal Health, Inc. (Symbol: CAH) and Bristol-Myers Squibb Co. (Symbol: BMY) are two of the day’s laggards, showing a loss of 2.6% and 2.3%, respectively. Among healthcare ETFs , one ETF following the sector is the Health Care Select Sector SPDR ETF (Symbol: XLV), which is flat on the day on the day, and up 8.09% year-to-date. Cardinal Health, Inc., meanwhile, is up 18.23% year-to-date, and Bristol-Myers Squibb Co. is up 2.64% year-to-date. Combined, CAH and BMY make up approximately 3.7% of the underlying holdings of XLV.

The next worst performing sector is the Technology & Communications sector, showing a 0.7% loss. Among large Technology & Communications stocks, Juniper Networks Inc (Symbol: JNPR) and Hewlett Packard Enterprise Co (Symbol: HPE) are the most notable, showing a loss of 9.7% and 0.7%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF ( XLK ), which is flat on the day in midday trading, and up 6.24% on a year-to-date basis. Juniper Networks Inc, meanwhile, is down 10.25% year-to-date, and Hewlett Packard Enterprise Co is up 14.35% year-to-date. Combined, JNPR and HPE make up approximately 0.6% 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:

Yield Charts Here’s a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Wednesday. As you can see, four sectors are up on the day, while five sectors are down.

Sector % Change
Financial +0.7%
Utilities +0.6%
Materials +0.6%
Industrial +0.4%
Consumer Products -0.1%
Services -0.5%
Energy -0.6%
Technology & Communications -0.7%
Healthcare -0.8%

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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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