S&P 500 sectors

S&P 500 Remains Steady Ahead of Major Earnings Reports Amid Economic Slowdown Concerns

The S&P 500 slipped by 0.10% for the week, closing at 4,133.52 points, while the SPDR S&P 500 Trust ETF fell 0.07%. Earnings season was in focus, with reports from Johnson & Johnson, Bank of America, Goldman Sachs, AT&T, American Express, and Procter & Gamble. Netflix and Tesla also released their results. Next week will see earnings from Alphabet, Microsoft, Amazon, Meta, Boeing, and Coca-Cola.

Economic data indicated a slowdown in the economy, with a rise in jobless claims, a negative Philly Fed business outlook, a fall in existing home sales, and a decline in U.S. leading indicators. Market participants are concerned about the Federal Reserve’s rate-hiking campaign leading to a hard landing and a U.S. recession. A 25 basis point hike in May is seen as mostly certain.

S&P 500 Sector Performance

In terms of S&P 500 sectors, six ended in the green, led by Consumer Staples and Real Estate. Communication Services and Energy were the top losers.

Sector NameSymbol1 Day5 Day1 MonthYTD1 Year5 Year10 Year
Consumer DiscretionaryGSPD1.20%0.53%4.40%14.42%-19.68%40.38%172.66%
Consumer StaplesGSPS0.75%1.68%4.98%2.51%-5.14%54.22%88.65%
Health CareGSPA0.68%-0.24%5.61%-1.32%-4.26%64.75%183.47%
Communication ServicesGSPL0.32%-3.05%4.21%19.95%-12.63%27.40%14.40%
Real EstateGSPRE0.17%1.59%1.95%0.37%-26.29%25.03%
Information TechnologyGSPT-0.37%-0.46%3.20%19.10%-1.53%124.04%461.89%
The performance of various sectors over different time periods






Leave a Reply