PRESS ROOM
Information technology outpaces energy as the top S&P 500 sector in June
Friday 02nd July '21
While performance in the S&P 500 Index has been dominated by energy and financials year to date, information technology has led all sectors in June. Concurrently, the tech-heavy NASDAQ Composite Index has outpaced the S&P 500 Index in June. Financials, and particularly banks, had been among the top-performing sectors until May but have detracted performance in both indices in June, with US Treasury yields declining during the month. (Source: Bloomberg as of 30 June 2021).