Market News Video

Thursday Sector Laggards: Healthcare, Services

By Market News Video Staff, Thursday, August 18, 2:41 PM ET

The worst performing sector as of midday Thursday is the Healthcare sector, showing a 0.7% loss. Within the sector, Moderna Inc (NASDAQ:MRNA) and Illumina Inc (NASDAQ:ILMN) are two large stocks that are lagging, showing a loss of 5.2% and 2.3%, respectively. Among healthcare ETFs, one ETF following the sector is the Health Care Select Sector SPDR ETF (NYSE:XLV), which is down 0.8% on the day, and down 5.55% year-to-date. Moderna Inc, meanwhile, is down 41.05% year-to-date, and Illumina Inc, is down 45.31% year-to-date. Combined, MRNA and ILMN make up approximately 1.7% of the underlying holdings of XLV.

The next worst performing sector is the Services sector, showing a 0.4% loss. Among large Services stocks, Walgreens Boots Alliance Inc (NASDAQ:WBA) and Target Corp (NYSE:TGT) are the most notable, showing a loss of 5.9% and 1.9%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF (IYC), which is down 0.3% in midday trading, and down 17.28% on a year-to-date basis. Walgreens Boots Alliance Inc, meanwhile, is down 25.31% year-to-date, and Target Corp, is down 24.44% year-to-date. TGT makes up approximately 1.6% of the underlying holdings of IYC.

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:

Metals Channel

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

Sector% Change
Energy+3.0%
Technology & Communications+0.8%
Utilities+0.3%
Materials+0.3%
Industrial+0.2%
Consumer Products0.0%
Services-0.4%
Financial-0.4%
Healthcare-0.7%


This Article's Word Cloud:   Alliance   Among   Boots   Care   Change   Combined   Communications   Comparing   Consumer   Corp   Dividend   ETFs   Energy   Financial   Giants   Health   Healthcare   Held   Here   ILMN   Illumina   Industrial   MRNA   Moderna   NYSE   Sector   Services   Target   Thursday   Walgreens   approximately   basis   date   down   holdings   large   loss   meanwhile   midday   performing   respectively   sector   sectors   showing   stocks   trading   underlying   which   worst   year
MNV
MNV
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use - Privacy Policy

Thursday Sector Laggards: Healthcare, Services | Market News Video | Copyright © 2008 - 2022, All Rights Reserved

Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.