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These sectors are leading the market rebound

The same S&P 500 sectors that led the market's decline last week are now, coincidentally, leading the market's rebound.

Materials and energy sectors have gained about 6 percent since their intraday lows on Oct. 15, when the S&P 500 fell to multimonth lows. Similarly, industrials have increased about 5 percent over the same period.

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The best performing industrial shares were United Rentals, Delta Air Lines and Southwest Airlines, which have each increased more than 21 percent from their lows on Oct. 15.

Traders on the floor of the New York Stock Exchange.
Getty Images
Traders on the floor of the New York Stock Exchange.

The rebound in materials was driven by Alcoa, LyondellBasell Industries and Martin Marietta Materials, up 18 percent, 17 percent and 15 percent, respectively, since the brunt of the selloff this month.

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Meanwhile, Chesapeake, QEP Resources and Tesoro have gained between 21 percent and 30 percent since Oct. 15, as crude prices clawed back from a near four-year low last week.

Sectors leading the market rebound
S&P SectorsYear High Date% Below 52-Wk HighIntraday Low on 10/15% Chg. Since 10/15
Materials09/24/201-5.10%286.865.76%
Energy06/23/201-15.24%591.425.64%
Industrials06/09/2014-5.13%431.874.97%
Health Care09/24/2014-3.27%700.154.36%
Consumer Discretionary09/05/2014-4.72%500.864.30%
Financials09/18/2014-4.00%296.793.53%
Information Technology09/18/2014-5.36%616.462.98%
Utilities06/30/2014-1.09%217.232.41%
Consumer Staples10/08/2014-1.09%458.182.05%
Telecommunications Services07/29/2014-5.96%154.301.79%

On an individual basis, Waters, Harley-Davidson, Phillips 66 and Carnival were among the top S&P 500 gainers on the day.

Medical equipment maker Waters lead the index higher after hitting an intraday high of $106.8 upon reporting better than expected quarterly earnings. It was last up about 9 percent on the day.

Harley-Davidson came in second place with gains of nearly 7 percent, rallying after it reported a decline in profit and revenue in the third quarter, but earnings topped expectations.

—CNBC's Giovanny Moreano contributed to this report.