---Advertisement---

Midweek Market Setbacks: Healthcare and Financial Sectors Underperform

“`html

Healthcare and Financial Stocks Struggle in Midweek Trading

In afternoon trading on Wednesday, healthcare stocks fell as the worst-performing sector, registering a loss of 2.3%. Within this sector, Moderna Inc. (Symbol: MRNA) and Bio-Techne Corp. (Symbol: TECH) experienced notable declines of 8.1% and 6.1%, respectively. The Health Care Select Sector SPDR ETF (Symbol: XLV), which tracks healthcare stocks, is down 1.8% for the day and has decreased by 3.46% year-to-date. Year-to-date, Moderna has plummeted 38.17%, while Bio-Techne is down 35.22%. Combined, MRNA and TECH represent approximately 0.3% of XLV’s underlying holdings.

The financial sector followed closely behind, showing a 2.0% loss. Major players in this sector include Apollo Global Management Inc. (Symbol: APO) and UnitedHealth Group Inc. (Symbol: UNH), which reported losses of 5.4% and 4.8%, respectively. The Financial Select Sector SPDR ETF (XLF), which tracks financial stocks, is down 1.7% in midday trading but remains up 4.79% year-to-date. Year-to-date, Apollo Global Management is down 19.59%, while UnitedHealth Group has decreased by 39.08%. Apollo accounts for about 0.8% of XLF’s underlying holdings.

Below is a relative stock price performance chart showing these stocks and ETFs over the trailing twelve months. Each symbol is represented in a different color, as labeled in the legend below:

Metals Channel

A snapshot of the S&P 500 components reveals that none of the sectors are up in Wednesday’s afternoon trading. In fact, nine sectors are showing losses.

Sector % Change
Energy -1.2%
Technology & Communications -1.3%
Services -1.5%
Materials -1.6%
Consumer Products -1.7%
Utilities -1.7%
Industrial -1.8%
Financial -2.0%
Healthcare -2.3%

10 ETFs With Stocks That Insiders Are Buying

Also see:

• Funds Holding DMAR
• GCMG Historical Stock Prices
• KDMN Videos

The views and opinions expressed herein do not necessarily reflect those of Nasdaq, Inc.

“`

Join WhatsApp

Join Now
---Advertisement---