Market News Video

Tuesday Sector Leaders: Utilities, Healthcare

By Market News Video Staff, Tuesday, December 6, 2:33 PM ET

The best performing sector as of midday Tuesday is the Utilities sector, losing just 0.6%. Within that group, Exelon Corp (NASDAQ:EXC) and American Electric Power Co Inc (NASDAQ:AEP) are two of the day's stand-outs, showing a gain of 2.5% and 1.5%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (NYSE:XLU), which is down 0.3% on the day, and up 0.48% year-to-date. Exelon Corp, meanwhile, is up 7.20% year-to-date, and American Electric Power Co Inc is up 11.41% year-to-date. Combined, EXC and AEP make up approximately 10.0% of the underlying holdings of XLU.

The next best performing sector is the Healthcare sector, losing just 1.3%. Among large Healthcare stocks, Elevance Health Inc (NYSE:ELV) and Cigna Corp (NYSE:CI) are the most notable, with ELV showing a gain of 0.7% and CI flat on the day. One ETF closely tracking Healthcare stocks is the Health Care Select Sector SPDR ETF (XLV), which is down 1.0% in midday trading, and down 1.74% on a year-to-date basis. Elevance Health Inc, meanwhile, is up 14.59% year-to-date, and Cigna Corp is up 44.53% year-to-date. Combined, ELV and CI make up approximately 3.8% 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:

ETF Channel

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

Sector% Change
Utilities-0.6%
Healthcare-1.3%
Consumer Products-1.4%
Financial-1.4%
Industrial-1.7%
Materials-1.7%
Technology & Communications-2.0%
Energy-2.3%
Services-2.4%


This Article's Word Cloud:   American   Among   Care   Change   Cigna   Combined   Communications   Comparing   Consumer   Corp   Dividend   ETFs   Electric   Elevance   Energy   Exelon   Financial   Giants   Health   Healthcare   Held   NYSE   Power   SPDR   Sector   Select   Tuesday   Utilities   approximately   basis   best   date   down   gain   holdings   just   losing   make   meanwhile   midday   performing   sector   sectors   showing   stocks   trading   underlying   which   with   year
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