Wednesday Sector Laggards: Healthcare, Consumer Products
In afternoon trading on Wednesday, Healthcare stocks are the worst performing sector, showing a 2.0% loss. Within that group, Intuitive Surgical Inc (Symbol: ISRG) and DexCom Inc (Symbol: DXCM) are two large stocks that are lagging, showing a loss of 5.8% and 5.6%, respectively. Among healthcare ETFs, one ETF following the sector is the Health Care Select Sector SPDR ETF (Symbol: XLV), which is down 1.6% on the day, and down 7.38% year-to-date. Intuitive Surgical Inc, meanwhile, is down 40.33% year-to-date, and DexCom Inc, is down 47.62% year-to-date. Combined, ISRG and DXCM make up approximately 2.2% of the underlying holdings of XLV.
The next worst performing sector is the Consumer Products sector, showing a 1.2% loss. Among large Consumer Products stocks, Archer Daniels Midland Co. (Symbol: ADM) and Royal Caribbean Group (Symbol: RCL) are the most notable, showing a loss of 4.7% and 4.1%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF (IYK), which is down 1.5% in midday trading, and up 0.16% on a year-to-date basis. Archer Daniels Midland Co., meanwhile, is up 29.28% year-to-date, and Royal Caribbean Group, is down 27.57% year-to-date. ADM makes up approximately 2.5% of the underlying holdings of IYK.
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 Wednesday. As you can see, one sector is up on the day, while eight sectors are down.
Sector % Change Energy +2.1% Utilities -0.5% Technology & Communications -0.7% Industrial -1.0% Materials -1.0% Consumer Products -1.2% Services -1.2% Financial -1.2% Healthcare -2.0%
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