Wednesday Sector Laggards: Healthcare, Consumer Goods

IOn Wednesday afternoon, healthcare stocks were the worst performing sector, posting a loss of 0.8%. Within this group, Biogen Inc (Ticker: BIIB) and Quest Diagnostics, Inc. (Ticker: DGX) are two of the day’s laggards, posting a loss of 7.4% and 6.6%, respectively. Among healthcare ETFs, a sector-tracking ETF is the Health Care Select Sector SPDR ETF (ticker: XLV), which is down 0.6% on the day and 3.51% since the start of the month. the year. Biogen Inc, meanwhile, is down 6.81% year-to-date, and Quest Diagnostics, Inc., is down 14.81% year-to-date. Together, BIIB and DGX represent approximately 1.0% of XLV’s underlying holdings.

The second worst performing sector is the consumer products sector, posting a loss of 0.2%. Among the major consumer products stocks, BorgWarner Inc (ticker: BWA) and Constellation Brands Inc (ticker: STZ) are the most notable, posting a loss of 2.2% and 1.9%, respectively. One ETF closely tracking consumer products stocks is the iShares US Consumer Goods (IYK) ETF, which is down 0.4% as of midday and up 0.75% year-to-date. . BorgWarner Inc, meanwhile, is up 5.37% year-to-date and Constellation Brands Inc, down 1.18% year-to-date. STZ represents approximately 2.0% of IYK’s underlying holdings.

Comparing these stocks and ETFs on a twelve-month basis, below is a graph of relative stock price performance, with each of the symbols displayed in a different color, as shown in the legend at the bottom:

Here’s a look at how the S&P 500 constituents moved across sectors in Wednesday afternoon trade. As you can see, three sectors are up on this day, while four sectors are down.

Sector % Change
Energy +0.4%
Utilities +0.3%
Materials +0.3%
Financial -0.0%
Technology and communication 0.0%
Industrial -0.1%
consumer products -0.2%
Services -0.2%
Health care -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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