The S&P 500 was up more than 1.4% at its highs this morning, but an afternoon of vicious selling has left the index now down 0.80% on the day and down more than 2% from its highs. Ugly action for sure.
Below is a look at where the ten S&P 500 sectors were at their highs this morning, and how much they have fallen from those highs. As shown, the declines have been steep across the board, but it's Technology -- which was up the most at its highs -- that has given the most back (and then some). Energy and Materials have also suffered big declines, and they were the two sectors up the least at their highs.
So how does the market perform following negative reversals like we've seen today? Check out the The Closer report this evening for the stats. Sign up for a free Bespoke Premium trial today to access the The Closer.