The best performing sector as of midday Tuesday is the Healthcare sector, higher by 1.7%. Within that group, Edwards Lifesciences Corp (NYSE:EW) and Incyte Corporation (NASDAQ:INCY) are two large stocks leading the way, showing a gain of 7.8% and 7.3%, respectively. Among healthcare ETFs, one ETF following the sector is the Health Care Select Sector SPDR ETF (NYSE:XLV), which is up 1.6% on the day, and up 1.97% year-to-date. Edwards Lifesciences Corp, meanwhile, is up 5.23% year-to-date, and Incyte Corporation is up 24.14% year-to-date. Combined, EW and INCY make up approximately 1.4% of the underlying holdings of XLV.
The next best performing sector is the Technology & Communications sector, up 1.2%. Among large Technology & Communications stocks, Fortinet Inc (NASDAQ:FTNT) and Adobe Inc (NASDAQ:ADBE) are the most notable, showing a gain of 3.9% and 3.5%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF (XLK), which is up 1.6% in midday trading, and up 3.15% on a year-to-date basis. Fortinet Inc, meanwhile, is up 6.58% year-to-date, and Adobe Inc is up 7.30% year-to-date. Combined, FTNT and ADBE make up approximately 3.0% 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:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Tuesday. As you can see, eight sectors are up on the day, while one sector is down.
Technology & Communications
This Article's Word Cloud:ADBEAdobeAmongCareChangeCombinedCommunicationsComparingConsumerCorpCorporationDividendETFsEdwardsEnergyFTNTFinancialFortinetGiantsHealthHealthcareINCYIncyteLifesciencesNYSESPDRSectorSelectTechnologyTuesdayapproximatelybasisbestdategainholdingslargemakemeanwhilemiddayperformingrespectivelysectorsectorsshowingstockstradingunderlyingwhichyear
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.