On Friday, the S&P 500 closed at a new bull market high by taking out the prior closing high it made on September 14th. Now the S&P 500 once again has its sight set on its all-time high of 1,565.15 reached back in late 2007.
Below is a look at S&P 500 sector performance since last September 14th when the S&P made its prior bull market high. As shown, the index was able to make a new high even with the biggest sector in the market -- Technology -- down 6.87%. Energy, Telecom and Utilities are also down since 9/14.
While Technology has struggled, the Financial sector has been the key to getting back to new highs. Since 9/14, the Financial sector is up the most at +5.17%. Industrials, Health Care, Consumer Discretionary, Materials and Consumer Staples are the other five sectors that have posted gains.
For those interested, below is a list of the best and worst performing S&P 500 stocks since the index made its prior bull market high on 9/14. Netflix (NFLX), First Solar (FSLR), Ford (F), Bank of America (BAC) and Yahoo! (YHOO) have been key winners, while Apple (AAPL) has been the biggest drag. If Apple (AAPL) shares were simply flat over the last three and a half months instead of down 23.83%, the S&P 500 would now be well above its 2012 highs.