Tuesday Sector Leaders: Utilities, Healthcare | Global Market News
In afternoon trading on Tuesday, Utilities stocks are the best performing sector, up 0.4%. Within that group, Constellation Energy Corp (Symbol: CEG) and AES Corp (Symbol: AES) are two massive stocks main the best way, exhibiting a gain of 1.8% and 1.6%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is up 0.4% on the day, and up 23.25% year-to-date. Constellation Energy Corp, in the meantime, is up 53.19% year-to-date, and AES Corp, is down 11.77% year-to-date. Combined, CEG and AES make up roughly 5.7% of the underlying holdings of XLU.
The subsequent best performing sector is the Healthcare sector, greater by 0.3%. Among massive Healthcare stocks, Molina Healthcare Inc (Symbol: MOH) and Moderna Inc (Symbol: MRNA) are probably the most notable, exhibiting a gain of 3.6% and three.0%, respectively. One ETF carefully monitoring Healthcare stocks is the Health Care Select Sector SPDR ETF (XLV), which is up 0.3% in noon trading, and up 14.85% on a year-to-date foundation. Molina Healthcare Inc, in the meantime, is down 7.18% year-to-date, and Moderna Inc, is down 20.62% year-to-date. Combined, MOH and MRNA make up roughly 0.8% of the underlying holdings of XLV.
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 shade as labeled within the legend on the backside:
Here’s a snapshot of how the S&P 500 elements within the varied sectors are faring in afternoon trading on Tuesday. As you’ll be able to see, three sectors are up on the day, whereas six sectors are down.
Sector% Change Utilities+0.4%Healthcare+0.3%Technology & Communications+0.1%Industrial-0.4%Materials-0.5%Services-0.6%Financial-0.6%Consumer Products-0.9%Energy-2.0%
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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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