Technology Falters in October

At the start of the October, Technology was sitting pretty as one of the top performing sectors of the market in 2012.  But after declining 6.81% during the month, Technology is now just the 5th best performing sector year to date with a gain of 12.42%.  Telecom was also up much more YTD at the start of October, but now it's up just 14.74% after falling 5.21% during the month.  

The big declines in Technology and Telecom in October now leave Financials and Consumer Discretionary as the big winners in 2012.  Financials actually gained 1.81% in October, and the sector is now up 22.05% YTD.  Consumer Discretionary fell 1.63% during the month, but it remains up 18.03% YTD.  Health Care is now up the third most in 2012 with a YTD gain of 15.28%.  The S&P 500 as a whole declined 1.98% in October, leaving it up 12.29% YTD.

See below for October and YTD returns for the S&P 500 and its ten sectors:

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