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Aug.11
3:47 PM ET
Monday, 11 Aug 2008
Healthcare Passes Energy in S&P 500

Falling oil prices continue to put pressure on energy stocks. Now at a six-month low, the S&P 500 Energy sector is down nearly 19% this quarter, by far the worst-performing sector in the S&P 500 since July 1. Today, the sector is down more than 1 percent as oil prices fell below the $114 level. With the decline today, the energy sector’s weighting in the S&P 500 is now less than the weighting of the healthcare sector. Recall that not even a month ago, the energy sector was the second biggest in S&P 500, with a nearly 16 percent weighting (see story here) in the index.

Healthcare Passes Energy: Weightings in S&P 500

  • Technology    17.07%
  • Financials      15.57%
  • Healthcare    12.80%
  • Energy        12.75%

Some of the biggest losers today in the Energy Sector include Peabody Energy [BTU  Loading...      ()   ], Consol Energy [CNX  Loading...      ()   ], National Oilwell [NOV  Loading...      ()   ], Apache Energy [APA  Loading...      ()   ], and Transocean Inc[RIG  Loading...      ()   ].

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