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Wednesday Sector Leaders: Technology & Communications, Healthcare

The best performing sector as of midday Wednesday is the Technology & Communications sector, up 1.0%. Within that group, Analog Devices Inc (Symbol: ADI) and Advanced Micro Devices, Inc. (Symbol: AMD) are two large stocks leading the way, showing a gain of 4.5% and 3.7%, respectively. Among technology ETFs , one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is up 0.7% on the day, and up 21.75% year-to-date. Analog Devices Inc, meanwhile, is up 15.75% year-to-date, and Advanced Micro Devices, Inc. is up 11.11% year-to-date. Combined, ADI and AMD make up approximately 0.8% of the underlying holdings of XLK.

The next best performing sector is the Healthcare sector, higher by 0.9%. Among large Healthcare stocks, Incyte Corporation (Symbol: INCY) and Gilead Sciences Inc (Symbol: GILD) are the most notable, showing a gain of 9.6% and 5.8%, 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 17.02% on a year-to-date basis. Incyte Corporation, meanwhile, is up 36.53% year-to-date, and Gilead Sciences Inc is up 13.41% year-to-date. Combined, INCY and GILD make up approximately 4.1% 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:



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, seven sectors are up on the day, while one sector is down.

Sector % Change
Technology & Communications +1.0%
Healthcare +0.9%
Materials +0.8%
Industrial +0.5%
Services +0.4%
Financial +0.4%
Consumer Products +0.3%
Energy -0.0%
Utilities -0.2%

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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