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Monday Sector Laggards: Technology & Communications, Healthcare

By Market News Video Staff, Monday, December 6, 2:39 PM ET

The worst performing sector as of midday Monday is the Technology & Communications sector, higher by 0.6%. Within the sector, Monolithic Power Systems Inc (NASDAQ:MPWR) and Advanced Micro Devices Inc (NASDAQ:AMD) are two large stocks that are lagging, showing a loss of 7.6% and 2.8%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (NYSE:XLK), which is up 1.1% on the day, and up 29.08% year-to-date. Monolithic Power Systems Inc, meanwhile, is up 37.94% year-to-date, and Advanced Micro Devices Inc is up 52.61% year-to-date. Combined, MPWR and AMD make up approximately 1.2% of the underlying holdings of XLK.

The next worst performing sector is the Healthcare sector, higher by 1.2%. Among large Healthcare stocks, Moderna Inc (NASDAQ:MRNA) and Pfizer Inc (NYSE:PFE) are the most notable, showing a loss of 16.0% and 4.2%, respectively. One ETF closely tracking Healthcare stocks is the Health Care Select Sector SPDR ETF (XLV), which is up 0.7% in midday trading, and up 16.90% on a year-to-date basis. Moderna Inc, meanwhile, is up 146.75% year-to-date, and Pfizer Inc is up 45.48% year-to-date. Combined, MRNA and PFE make up approximately 5.3% of the underlying holdings of XLV.

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:

Value Forum

Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Monday. As you can see, nine sectors are up on the day, while none of the sectors are down.

Sector% Change
Services+3.1%
Financial+2.6%
Energy+2.6%
Industrial+2.5%
Consumer Products+2.3%
Materials+2.2%
Utilities+2.0%
Healthcare+1.2%
Technology & Communications+0.6%


This Article's Word Cloud:   Advanced   Among   Buying   Care   Change   Combined   Communications   Comparing   Consumer   Devices   ETFs   Energy   Financial   Health   Healthcare   MPWR   MRNA   Micro   Moderna   Monday   Monolithic   NYSE   Pfizer   Power   SPDR   Sector   Select   Systems   Technology   approximately   basis   date   higher   holdings   large   loss   make   meanwhile   midday   performing   respectively   sector   sectors   showing   stocks   trading   underlying   which   worst   year
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