Healthcare Sector Leads the Market Midday
As of midday Thursday, the Healthcare sector is showing impressive results, up 0.5%, outperforming other sectors. Molina Healthcare Inc (Symbol: MOH) and West Pharmaceutical Services, Inc. (Symbol: WST) have emerged as significant players within this sector, recording gains of 19.6% and 17.3%, respectively. Despite this optimism, the Health Care Select Sector SPDR ETF (Symbol: XLV) is down 0.4% today, yet still maintains an 11.08% increase year-to-date. Meanwhile, MOH is down 9.00% in the same period, while WST is down 4.41%. Together, these two stocks account for approximately 0.8% of the XLV’s underlying holdings.
Consumer Products Sector Also Shows Gains
Following closely is the Consumer Products sector, which is up 0.3%. Leading large stocks within this category are Tesla Inc (Symbol: TSLA) with a remarkable gain of 20.8% and Pool Corp (Symbol: POOL) at 7.5%. The iShares U.S. Consumer Goods ETF (Symbol: IYK), however, is down 0.2% in midday trading but shows a 10.59% increase year-to-date. In contrast, TSLA has risen 3.88% year-to-date, while POOL is down 4.54% year-to-date.
Below is a chart comparing the stock price performance of these companies and ETFs over the trailing twelve months, each represented in distinct colors as indicated in the legend:
S&P 500 Sector Performance Overview
This afternoon, the S&P 500 components within various sectors indicate a mixed performance, with five sectors up and four sectors down:
| Sector | % Change |
|---|---|
| Healthcare | +0.5% |
| Consumer Products | +0.3% |
| Financial | +0.3% |
| Technology & Communications | +0.3% |
| Services | +0.1% |
| Industrial | -0.2% |
| Energy | -0.3% |
| Utilities | -0.5% |
| Materials | -1.1% |
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Also see:
• Home Furnishing Stores Dividend Stocks
• LZB Average Annual Return
• CNXR Historical Stock Prices
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
