Market News Video

Tuesday Sector Laggards: Services, Healthcare

By Market News Video Staff, Tuesday, May 23, 2:31 PM ET

In afternoon trading on Tuesday, Services stocks are the worst performing sector, showing a 1.2% loss. Within that group, AutoZone, Inc. (NYSE:AZO) and Las Vegas Sands Corp (NYSE:LVS) are two large stocks that are lagging, showing a loss of 7.1% and 5.8%, respectively. Among the largest ETFs, one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (NYSE:IYC), which is down 0.7% on the day, and up 13.66% year-to-date. AutoZone, Inc., meanwhile, is up 0.09% year-to-date, and Las Vegas Sands Corp is up 13.62% year-to-date. Combined, AZO and LVS make up approximately 1.3% of the underlying holdings of IYC.

The next worst performing sector is the Healthcare sector, showing a 1.1% loss. Among large Healthcare stocks, Align Technology Inc (NASDAQ:ALGN) and Idexx Laboratories, Inc. (NASDAQ:IDXX) are the most notable, showing a loss of 5.8% and 5.8%, respectively. One ETF closely tracking Healthcare stocks is the Health Care Select Sector SPDR ETF (XLV), which is down 0.9% in midday trading, and down 3.45% on a year-to-date basis. Align Technology Inc, meanwhile, is up 33.50% year-to-date, and Idexx Laboratories, Inc. is up 12.87% year-to-date. Combined, ALGN and IDXX make up approximately 1.2% 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:

Chart Zero

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, three sectors are up on the day, while six sectors are down.

Sector% Change
Energy+0.8%
Financial+0.3%
Utilities+0.1%
Consumer Products-0.1%
Materials-0.4%
Industrial-0.7%
Technology & Communications-1.0%
Healthcare-1.1%
Services-1.2%


This Article's Word Cloud:   ALGN   Align   Among   AutoZone   Buying   Care   Change   Combined   Communications   Comparing   Consumer   Corp   ETFs   Energy   Financial   Health   Healthcare   IDXX   Idexx   Laboratories   NYSE   Sands   Sector   Services   Technology   Tuesday   Vegas   afternoon   approximately   basis   closely   date   down   holdings   large   loss   make   meanwhile   performing   respectively   sector   sectors   showing   stocks   that   trading   underlying   which   worst   year
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