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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
About this page
Last Updated: Dec 29, 2023 at 11:13 pm ET
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? ›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.
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? ›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%.
Industry Description | Percent Decrease in Employment From 2021-31 | |
---|---|---|
1 | Tobacco manufacturing | -53.3% |
2 | Manufacturing and reproducing magnetic and optical media | -50.4% |
3 | Apparel, leather, and allied product manufacturing | -35.7% |
4 | Printing and related support activities | -26.3% |
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? ›Company | Sector | 2023 Return |
---|---|---|
Microsoft | Information Technology | +57% |
Alphabet | Communication Services | +59% |
Amazon | Consumer Discretionary | +81% |
Tesla | Consumer Discretionary | +102% |
Stock Symbol | Market Price Rs | 1-year Returns (%) |
---|---|---|
M&M | 1,172.00 | 41.54 |
BRITANNIA | 4,301.85 | 33.84 |
NTPC | 177.90 | 24.38 |
HINDUNILVR | 2,535.00 | 22.04 |
Symbol | Name | Change |
---|---|---|
MRVL | Marvell Technology, Inc. | -8.04 |
VEEV | Veeva Systems Inc. | -19.94 |
DJTWW | Trump Media & Technology Group Corp. | -2.61 |
PAYC | Paycom Software, Inc. | -13.63 |
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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