The S&P 500 needs to gain another 1% or so to surpass its last all-time closing high made on May 21st.
Since the 5/21 high was made, we’ve seen a quite a bit of disparity in sector performance. While the S&P 500 is just barely below where it was on 5/21, five sectors are still down more than 5%, with Energy leading the declines at -16.6%. Materials, Telecom and Utilities are the three other sectors down more than 5%.
While seven sectors are down since 5/21, three are up, and Consumer Discretionary is up the most at +5.51%. Technology is also up nicely with a gain of 3.18%.