How have the major stock market sectors performed so far in 2023?
Today’s chart answers that question by presenting the inflation-adjusted total return for 11 main stock market sectors.
Today’s chart illustrates that the technology and communication services sectors have lead.
Why?
In part, there is hope that inflation will cool and that interest rates will follow.
How many stock market sectors are there?
The Global Industry Classification Standard (GICS) categorizes the stock market into 11 sectors.
What are the 11 sectors of the stock market?
The 11 stock market sectors are technology, health care, financial, consumer discretionary, communication services, industrials, consumer staples, energy, utilities, real estate, and materials.
What is the largest stock market sector?
Based on market cap, the largest stock market sector is technology.