The S&P 500 (SPX) closed in the red on Tuesday as rising inflation expectations fed into higher long-term yields.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Let’s break down the sectors behind the performance.
Today’s Top-Performing Sector
Healthcare was the top-performing sector on Tuesday, driven by a rotation into defensive stocks as the 30-year Treasury yield rose to a 19-year high of 5.17%. Healthcare stocks are less sensitive to higher yields because their earnings are relatively stable and less dependent on future growth.
Several stocks led the sector’s gains, including:
- Becton Dickinson and Company (BDX)
- Baxter International (BAX)
- Eli Lilly (LLY)
- DexCom (DXCM)
- Bio-Techne (TECH)
Today’s Worst-Performing Sector
Meanwhile, the materials sector faced the largest drawdown as declining gold (XAUUSD) and silver (XAGUSD) prices weighed on mining stocks. Furthermore, a stronger dollar made commodities less attractive for overseas buyers, contributing to further weakness across the sector.
Notable materials stocks trading lower include:

