Sectors of the S&P 500 Index
In the previous part of this series, we discussed that both the US economy (QQQ) (IWM) and US markets showed a strong performance in 2017. The broader market S&P 500 Index (SPX-INDEX) improved solidly in 2017. It rose 19.8% during the year. Various sectors of the S&P 500 Index (SPY) contributed strongly to the performance of the index in 2017.
Among all the sectors, the technology sector (XLK) contributed the most to the performance of the S&P 500 Index and remained the top performer of the S&P 500 Index in 2017. It rose 34.6% in 2017, followed by the materials (XLB) and the industrial sectors (XLI). These sectors rose 22.6% and 22.5%, respectively, in 2017.
Most of the top ten sectors of the S&P 500 Index contributed strongly in 2017 except the energy sector. The energy sector (XLE) showed a poor performance in 2017 with a fall of 2.6%. The weaker performance in the energy sector was mainly due to the huge fluctuation in energy prices. The telecom sector (XTL) contributed marginally to the performance of the S&P 500 Index.
In the next part of this series, we’ll analyze the performance of the energy sector in 2017 in more detail.