Here are the S&P 500’s best and worst sectors in 2023, as stocks hover near record high on final trading day of 2023 (2024)

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Stock Market Today: S&P 500 ends slightly lower but posts 24% 2023 gain

Last Updated: Dec 29, 2023 at 11:13 pm ET

A recap of the U.S. market action for Friday as investors closed out 2023.

Here are the S&P 500’s best and worst sectors in 2023, as stocks hover near record high on final trading day of 2023 (2024)

FAQs

Here are the S&P 500’s best and worst sectors in 2023, as stocks hover near record high on final trading day of 2023? ›

The S&P 500 is a stock market index that's widely considered the benchmark for stock market performance year over year. The S&P 500 is up over 20% year-to-date in 2023. The best performing sector in the S&P 500 this year was technology. The worst performing sector in the S&P 500 this year was utilities.

What are the worst performing stocks in the S&P 500 2023? ›

The biggest losers of the year included Pfizer, Dollar General, Enphase Energy and Walgreens
  • WBA. +3.36%
  • HRL. -9.71%
  • BMY.
  • NEE. +1.97%
  • ES. +1.41%
  • DVN. +0.85%
  • PODD. +2.15%
  • CAG. -0.21%
Dec 29, 2023

What are the best performing S&P sectors in 2023? ›

Information Technology, Communication Services, and Consumer Discretionary were the three biggest winners in 2023, all of them up more than 40% for the year.

Which sector is underperforming in 2023? ›

Worst Performing Sectors in 2023

No sector gave a negative return in 2023. However, oil and gas underperformed the most.

Which sector is best to invest in in 2023? ›

The other favourable sectors that investors can bet on in 2023 include defence, renewable energy sector, infrastructure, and capital goods.

What are the bad stocks to invest in 2023? ›

Top-Performing Stocks of 2023
  • Coinbase.
  • Nvidia.
  • DraftKings DKNG.
  • Meta Platforms META.
  • Palantir Technologies PLTR.
Jan 2, 2024

Which stock is performing the worst? ›

worst performing
  1. Shree Tirupati. 515.00. 36.97. 521.70. 0.00. 3.34. 85.64. 20.50. 5.62.
  2. Affordable Robo. 629.35. 116.60. 707.78. 0.00. 11.06. 107.42. 12.65. 13.03.
  3. Supershakti Met. 600.00. 51.57. 691.52. 0.17. 7.65. 385.76. 8.34. 10.44.
  4. Surani Steel Tub. 383.80. 816.26. 408.13. 0.00. 1.79. 90.52. 2.08. 2.91.

What sectors are not doing well? ›

The S&P 500 utilities and consumer staples sectors are two of the worst-performing sectors in the large-cap benchmark index this year, down 10.6% and 2.4%, respectively.

What are the best sectors in the S&P 500? ›

Top Sectors in the S&P 500

The information technology, financials, healthcare, and consumer discretionary sectors carry a cumulative weight of about 66%.

What sector is best to invest in right now? ›

List of the Top Sectors in India that are Most Likely to Provide Excellent Returns
  • Healthcare and Insurance Sector. ...
  • Renewable Energy Sector. ...
  • IT Sector. ...
  • Real Estate Sector. ...
  • Fast-Moving Consumer-Goods Sector (FMCG) ...
  • Automobile Sector.
May 20, 2024

What will be booming in 2023? ›

10 Booming Industries to Watch in 2023
  • Healthcare. ...
  • Personal Care and Service. ...
  • Travel, Leisure, and Hospitality. ...
  • Commercial and Residential Construction. ...
  • Manufacturing. ...
  • Information Technology and Artificial Intelligence (AI) ...
  • Financial Services. ...
  • Human Resources.

What industry is down the most? ›

The 20 Most Rapidly Declining Industries
Industry DescriptionPercent Decrease in Employment From 2021-31
1Tobacco manufacturing-53.3%
2Manufacturing and reproducing magnetic and optical media-50.4%
3Apparel, leather, and allied product manufacturing-35.7%
4Printing and related support activities-26.3%
16 more rows

Which sector is undervalued? ›

The most undervalued sectors heading into the second quarter are real estate, utilities, and communication services. By Morningstar Economic Moat Rating, which is a sign of a company's competitive advantages, wide-moat stocks are overvalued by 4%, while narrow- and no-moat stocks are about fairly valued.

What are the hottest sectors in 2023? ›

Technology
CompanySector2023 Return
MicrosoftInformation Technology+57%
AlphabetCommunication Services+59%
AmazonConsumer Discretionary+81%
TeslaConsumer Discretionary+102%
3 more rows
Jan 2, 2024

Which sector gives the highest return? ›

Which sectors created investors most money in last 10 years? Take a look
  • iStock. 1/8. ​Chart Toppers. ...
  • ETMarkets.com. 2/8. ​Nifty Auto. ...
  • Agencies. 3/8. ​Nifty Energy. ...
  • ANI. 4/8. ​Nifty Financial Services. ...
  • THE ECONOMIC TIMES. 5/8. ​Nifty IT. ...
  • iStock. 6/8. ​Nifty Pharma. ...
  • IANS. 7/8. ​Nifty Metal. ...
  • IANS. 8/8. ​Nifty FMCG.
Mar 12, 2024

Which stock will boom in 2023? ›

Performance of the top 5 stocks of 2023
Stock SymbolMarket Price Rs1-year Returns (%)
M&M1,172.0041.54
BRITANNIA4,301.8533.84
NTPC177.9024.38
HINDUNILVR2,535.0022.04
6 more rows
Dec 12, 2023

What stocks are doing poorly? ›

Day Losers
SymbolNameChange
MRVLMarvell Technology, Inc.-8.04
VEEVVeeva Systems Inc.-19.94
DJTWWTrump Media & Technology Group Corp.-2.61
PAYCPaycom Software, Inc.-13.63
21 more rows

Is 2023 a bad year to invest in stocks? ›

The final quarterly and annual numbers for 2023 were exceptionally good. They translate into substantial annual gains for millions of investors who hold stocks and bonds indirectly, through mutual funds, exchange-traded funds and trusts, often in workplace retirement accounts.

What was the worst period S&P 500? ›

And in 2008, the collapse of the U.S. housing market and the subsequent global financial crisis caused the S&P 500 to fall 38.5%.

What is the trend for the S&P 500 in 2023? ›

A Return to Normalcy in 2023

The year 2023 marks a return to normalcy in the S&P 500's performance, with 132 positive days prevailing over 113 negative days.

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