S&P 1500 Group Performance

The S&P 500 still needs to gain about 9% to get back to its pre-Lehman level of 1,250.  As we noted earlier in the week, Consumer Discretionary and Technology are the only sectors that have eclipsed their pre-Lehman levels (9/12/08).  Below we check up on where the 24 industry groups stand.  As shown below, 7 of the 24 groups are above where they were trading on 9/12/08.  The Autos & Parts group is up the most since the Lehman collapse at 12.45%, followed by Retailing (11.94%), Tech Hardware (11.50%), and Software & Services (10.01%).  Semiconductors, Consumer Services, and Drugs & Biotech are the other three groups above their 9/12 levels.  While the Financial groups have rallied significantly off of their March '09 lows, they're still the farthest below their pre-Lehman levels out of all groups. 

Going back to the date of the market's peak on October 9th, 2007, there is actually one group that is just about back to where it closed that day.  The Food, Beverage, & Tobacco group is now just 15 basis points below its 10/9/07 closing level.  The Banks group is the farthest below its 10/9/07 close at -60%.

 

Comments

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Pre-Lehman date - Doesn't look correct in the table.