Market News Video

Wednesday Sector Laggards: Healthcare, Consumer Products

By Market News Video Staff, Wednesday, June 1, 2:31 PM ET

In afternoon trading on Wednesday, Healthcare stocks are the worst performing sector, showing a 2.0% loss. Within that group, Intuitive Surgical Inc (NASDAQ:ISRG) and DexCom Inc (NASDAQ:DXCM) are two large stocks that are lagging, showing a loss of 5.8% and 5.6%, respectively. Among healthcare ETFs, one ETF following the sector is the Health Care Select Sector SPDR ETF (NYSE:XLV), which is down 1.6% on the day, and down 7.38% year-to-date. Intuitive Surgical Inc, meanwhile, is down 40.33% year-to-date, and DexCom Inc, is down 47.62% year-to-date. Combined, ISRG and DXCM make up approximately 2.2% of the underlying holdings of XLV.

The next worst performing sector is the Consumer Products sector, showing a 1.2% loss. Among large Consumer Products stocks, Archer Daniels Midland Co. (NYSE:ADM) and Royal Caribbean Group (NYSE:RCL) are the most notable, showing a loss of 4.7% and 4.1%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF (IYK), which is down 1.5% in midday trading, and up 0.16% on a year-to-date basis. Archer Daniels Midland Co., meanwhile, is up 29.28% year-to-date, and Royal Caribbean Group, is down 27.57% year-to-date. ADM makes up approximately 2.5% of the underlying holdings of IYK.

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:

Energy Stock Channel

Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Wednesday. As you can see, one sector is up on the day, while eight sectors are down.

Sector% Change
Energy+2.1%
Utilities-0.5%
Technology & Communications-0.7%
Industrial-1.0%
Materials-1.0%
Consumer Products-1.2%
Services-1.2%
Financial-1.2%
Healthcare-2.0%


This Article's Word Cloud:   Among   Archer   Care   Caribbean   Change   Combined   Communications   Comparing   Consumer   DXCM   Daniels   DexCom   Dividend   ETFs   Energy   Financial   Giants   Goods   Group   Healthcare   ISRG   Intuitive   Midland   NYSE   Products   Royal   Sector   Surgical   Wednesday   afternoon   approximately   basis   date   down   holdings   large   loss   meanwhile   performing   respectively   sector   sectors   showing   stocks   that   trading   underlying   which   worst   year
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