The best performing sector as of midday Tuesday is the Technology & Communications sector, higher by 1.7%. Within that group, NVIDIA Corp (NASDAQ:NVDA) and IPG Photonics Corp (NASDAQ:IPGP) are two large stocks leading the way, showing a gain of 5.8% and 5.6%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (NYSE:XLK), which is up 1.3% on the day, and up 34.42% year-to-date. NVIDIA Corp, meanwhile, is up 48.20% year-to-date, and IPG Photonics Corp is up 16.92% year-to-date. Combined, NVDA and IPGP make up approximately 2.2% of the underlying holdings of XLK.
The next best performing sector is the Healthcare sector, higher by 1.5%. Among large Healthcare stocks, Cigna Corp (NYSE:CI) and Centene Corp (NYSE:CNC) are the most notable, showing a gain of 6.1% and 3.5%, respectively. One ETF closely tracking Healthcare stocks is the Health Care Select Sector SPDR ETF (XLV), which is up 2.0% in midday trading, and up 7.27% on a year-to-date basis. Cigna Corp , meanwhile, is down 15.31% year-to-date, and Centene Corp, is down 21.19% year-to-date. Combined, CI and CNC make up approximately 2.3% 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 Tuesday. As you can see, eight sectors are up on the day, while one sector is down.
Technology & Communications
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