S&P 500 Industry Groups

Here’s a look at how the different industry groups within the S&P 500 have performed this year:
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What’s interesting is that the last stage of the bull market (February to April) was largely driven by three industry groups (industrials, financials and discretionaries). Those have also been the areas that are down the most since the market started heading south. Outside of those three, the market has been fairly stable.
Consumer staples are down just -7.9% from their 2010 high while financials are off by more than -17.1%. What’s interesting is that financials seems to have lost their downward momentum since May 20. From May 20 through June 4, financials are the third best-performing sector. Perhaps that’s a sign that the worst is over. Second-quarter earnings reports are only a month away.

Posted by on June 7th, 2010 at 10:21 am


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