Friday’s Underperformers: Technology, Communications, and Healthcare Sectors

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As of midday Friday, the Technology & Communications sector is underperforming, down 1.0%. Notably, NetApp, Inc. (NTAP) has dropped 16.7% and HP Inc. (HPQ) is down 8.9%. The Technology Select Sector SPDR ETF (XLK) is also facing declines, down 0.8% for the day and 5.03% year-to-date. Year-to-date, NetApp is down 14.67% and HP is down 7.46%, with both making up approximately 0.6% of XLK holdings.

The Healthcare sector follows closely behind with a 0.8% loss. Key stocks include Universal Health Services, Inc. (UHS), down 8.3%, and HCA Healthcare Inc. (HCA), down 6.2%. The Health Care Select Sector SPDR ETF (XLV) is down 0.3% on the day, but has gained 6.64% year-to-date. UHS’s year-to-date drop stands at 4.90%, while HCA has increased slightly by 0.31%, together accounting for around 1.2% of XLV holdings.

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