The S&P 500 is up a little more than 5% over the last 3 days. Below we highlight how the index's ten major sectors have performed since the start of September, along with sector performance during the prior pullback from 8/9 to 8/31. Unsurprisingly, the sectors that were down the most during the pullback are up the most during the rally. Industrials, Financials, and Technology got hit the hardest in the back half of August, and they have bounced quite a bit this week. Consumer Discretionary is the one sector that outperformed (slightly) during the pullback and is also outperforming over the last three days. The defensives -- Consumer Staples, Utilities, and Telecom -- all held up well as the market fell in August, but they're only up modestly on the bounce.
The same holds true on an individual stock basis. Below we have broken the S&P 500 into deciles (ten groups of 50 stocks) based on stock performance during the pullback from 8/9 to 8/31. As shown, the 50 stocks that held up the best during the pullback are only up an average of 2.7% since the start of September. The 50 worst performing stocks from 8/9 to 8/31 are up an average of 9.4% since 9/1.
Below are the 30 stocks that have done the best over the last three days. As shown, Office Depot (ODP) is up the most with a gain of 17.60%, followed by Nordstrom (15.18%), Jabil Circuit (14.44%), and E*Trade Financial (14.15%). Other notables on the list of winners include SanDisk (SNDK), Harley Davidson (HOG), Monster Worldwide (MWW), Amazon.com (AMZN), and Broadcom (BRCM).