S&P tech sector soaring 12.6% in November to lead index sectors this month
The $S&P 500 Index (.SPX.US)$ Technology Index is climbing 12.6% in November to lead the 11 main industry sectors that make up the benchmark index. S&P 500 Communications Services is gaining 10.1% in November, followed by Consumer Discretionary (9.8%), Real Estate (8.8%) and Financials (8.4%), all of which are beating the broader S&P 500's 8.2% advance.
Underperforming sectors are S&P 500 Industrials, up 7.4%, S&P 500 Materials, ahead 6.0%, S&P 500 Health Care, higher by 4.0%, S&P 500 Utilities, up 3.8%, S&P 500 Consumer Staples, ahead 2.4%, and S&P 500 Energy, down 1.4%.
For the full year, technology is up 50.5%, trailed by communication services 50.4% and consumer discretionary 31.9% — all three of which are beating the S&P 500's 18.2% gain. Utilities are bringing up the rear, falling 12.3% in 2023, while consumer staples are off 5.7%, health care is down 4.8%, energy is lower by 4.4% and real estate by 2.9%. $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ $Zillow-C (Z.US)$ $ARMOUR Residential REIT Inc (ARR.US)$ $Mid-America Apartment Communities Inc (MAA.US)$
Underperforming sectors are S&P 500 Industrials, up 7.4%, S&P 500 Materials, ahead 6.0%, S&P 500 Health Care, higher by 4.0%, S&P 500 Utilities, up 3.8%, S&P 500 Consumer Staples, ahead 2.4%, and S&P 500 Energy, down 1.4%.
For the full year, technology is up 50.5%, trailed by communication services 50.4% and consumer discretionary 31.9% — all three of which are beating the S&P 500's 18.2% gain. Utilities are bringing up the rear, falling 12.3% in 2023, while consumer staples are off 5.7%, health care is down 4.8%, energy is lower by 4.4% and real estate by 2.9%. $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ $Zillow-C (Z.US)$ $ARMOUR Residential REIT Inc (ARR.US)$ $Mid-America Apartment Communities Inc (MAA.US)$
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