How the S&P 500 Sectors Have Performed Year-to-Date

Moomoo Learn wrote a column · Jul 18, 2023 08:39

Despite facing numerous obstacles, such as banking sector turmoil and recurring doubts about the economy's health, the U.S. stock market has demonstrated remarkable resilience and surged higher in the first half of this year.

NEW YORK, June 29 (Reuters) - The $S&P 500 Index (.SPX.US)$ is up 15.9% in 2023 - a rebound that surprised many analysts after equities’ brutal 2022 decline.

As a result, many people may be curious to know which sector has outperformed the rest. Here’s a summary of the half-year returns by sector. It is obvious that the information technology sector experienced the highest returns of any sector most likely due to the AI concept wave.

The question on everyone's mind now is whether the information technology sector will maintain its leading position in the U.S. stock market through the second half of the year. The answer to this query may become apparent during the latest round of U.S. earnings season.

How the S&P 500 Sectors Have Performed Year-to-Date

If you're a beginner and unsure about which information to prioritize when analyzing earnings reports. Moomoo Learn believes that "How to Read an Earnings Report" will provide valuable insights and guidance.

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