Tuesday Sector Laggards: Healthcare, Financial | Global Market News
In afternoon trading on Tuesday, Healthcare stocks are the worst performing sector, exhibiting a 1.0% loss. Within that group, CVS Health Corporation (Symbol: CVS) and Centene Corp (Symbol: CNC) are two of the day’s laggards, exhibiting 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, in the meantime, is up 39.93% year-to-date, and Centene Corp, is down 1.05% year-to-date. Combined, CVS and CNC make up roughly 2.2% of the underlying holdings of XLV.
The subsequent worst performing sector is the Financial sector, exhibiting a 0.3% loss. Among giant Financial stocks, UnitedHealth Group Inc (Symbol: UNH) and Elevance Health Inc (Symbol: ELV) are essentially the most notable, exhibiting a loss of 16.1% and eight.1%, respectively. One ETF intently monitoring Financial stocks is the Financial Select Sector SPDR ETF (XLF), which is up 0.7% in noon trading, and up 6.35% on a year-to-date foundation. UnitedHealth Group Inc, in the meantime, 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 foundation, beneath is a relative stock price efficiency chart, with every of the symbols proven in a completely different coloration as labeled within the legend on the backside:
Here’s a snapshot of how the S&P 500 parts within the varied sectors are faring in afternoon trading on Tuesday. As you possibly can see, six sectors are up on the day, whereas 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%
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Also see:
Institutional Holders of ESEA
WEX Average Annual Return
CNTG market cap historical past
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
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