01 Mar '23 at 6:11 pm #54176
Strong: Energy, Materials, Industrials
Weak: Real Estate, Utilities, Consumer Staples, Consumer Discretionary, Information Technology
Most of the S&P 500 sectors registered losses with the interest rate sensitive real estate (-1.5%) and utilities (-1.7%) sectors suffering the steepest declines.
On the flip side, the energy (+1.9%), materials (+0.7%), and industrials (+0.4%) sectors were the lone standouts in positive territory, having been enthused somewhat by China reporting stronger-than-expected Manufacturing PMI and Non-Manufacturing readings for February.