Looking at the sectors faring worst as of midday Monday, shares of Technology & Communications companies are underperforming other sectors, showing a 0.7% loss. Within the sector, Twitter Inc (NYSE:TWTR) and Ansys Inc. (NASDAQ:ANSS) are two large stocks that are lagging, showing a loss of 3.7% and 2.3%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (NYSE:XLK), which is down 0.7% on the day, and up 17.16% year-to-date. Twitter Inc, meanwhile, is up 20.85% year-to-date, and Ansys Inc. is up 25.43% year-to-date. Combined, TWTR and ANSS make up approximately 0.5% of the underlying holdings of XLK.
The next worst performing sector is the Healthcare sector, showing a 0.5% loss. Among large Healthcare stocks, ABIOMED, Inc. (NASDAQ:ABMD) and Centene Corp (NYSE:CNC) are the most notable, showing a loss of 5.5% and 2.1%, respectively. One ETF closely tracking Healthcare stocks is the Health Care Select Sector SPDR ETF (XLV), which is down 0.3% in midday trading, and up 13.54% on a year-to-date basis. ABIOMED, Inc., meanwhile, is up 99.40% year-to-date, and Centene Corp is up 41.00% year-to-date. Combined, ABMD and CNC make up approximately 1.2% of the underlying holdings of XLV.
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 Monday. As you can see, two sectors are up on the day, while four sectors are down.
Technology & Communications
This Article's Word Cloud:ABMDANSSAmongAnsysCareCenteneChangeCombinedCommunicationsComparingConsumerCorpDividendETFsEnergyFinancialGiantsHealthHealthcareHeldHereMondayNYSESPDRSectorSelectTWTRTechnologyTwitterapproximatelybasisdatedownfaringholdingslargelossmakemeanwhilemiddayrespectivelysectorsectorsshowingstockstradingunderlyingwhichworstyear
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.