Healthcare and Utilities Lead Market Performance Midday Tuesday

As of midday Tuesday, Healthcare stocks are outperforming other sectors, posting a gain of 0.5%. Within this sector, Moderna Inc (Symbol: MRNA) and Incyte Corporation (Symbol: INCY) stand out with impressive increases of 8.1% and 3.1%, respectively. The Health Care Select Sector SPDR ETF (Symbol: XLV), which tracks healthcare companies, is up 0.4% today, but has decreased by 1.5% year-to-date. Notably, Moderna is down 31.41% year-to-date, while Incyte is down 4.79% over the same period. Together, MRNA and INCY represent approximately 0.4% of XLV’s holdings.

The Utilities sector ranks as the next best performer, with a rise of 0.4%. Key players in this sector include Eversource Energy (Symbol: ES) and Dominion Energy Inc (Symbol: D), which have gained 3.5% and 2.8%, respectively. The Utilities Select Sector SPDR ETF (XLU), which closely follows utilities stocks, is up 0.6% in midday trading and has increased by 10.36% year-to-date. Eversource Energy shows a year-to-date gain of 17.08%, while Dominion Energy is up 8.54% for the year. Together, ES and D constitute about 5.7% of XLU’s total holdings.

Looking at performance over the trailing twelve months, a stock price performance chart illustrates how these stocks compare. Each symbol is color-coded for clarity, as indicated in the chart’s legend.

Here’s a quick overview of how the S&P 500 components across various sectors are performing in afternoon trading on Tuesday. Three sectors are showing gains, while six sectors are in the red.

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