Energy and materials stocks rise while health care falls, as sectors reverse performance roles

The two sectors key S&P 500 sectors gaining ground on Tuesday–energy and materials–have been by far the weakest so far this year. Meanwhile, the sectors getting hit the hardest on the day–health care and consumer discretionary–had been among those outperforming the most. The SPDR Energy ETF surged 1.7% in midday trade, but was still down 15% year to date; the SPDR Materials ETF climbed 1.2%, but was down 12% year to date. The only sector tracker ETF showing a year to date gain, the SPDR Consumer Discretionary ETF , was down 1.1%, but up 5.5% on the year. Tuesday’s biggest loser was the SPDR Health Care ETF , which slumped 3.5%, and was now down 3.3% this year. The S&P 500 fell 0.7% on the day, and was down 4.2% year to date.

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From:: Stock Market News

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