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Current DateTime: 12:20:40 24 Nov 2009
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Current DateTime: 12:20:40 24 Nov 2009
LinksList Documentid: 30111251
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As investors brace for a dismal earnings season coming out of a turbulent fourth quarter in 2008, the markets closed down yesterday, led by the S&P 500 [.SPX  Loading...      ()   ] which was down 2.3%, followed by the Nasdaq [.NDX  Loading...      ()   ] and the Dow [.DJI  Loading...      ()   ], down 2.1% and 1.5% respectively.

So far in 2009, the S&P 500 has declined 3.7%, pressured by the Financial sector, down 13% year-to-date, followed by the Telecom sector, with a decrease of 6.8% YTD.  

Within the Financial sector, companies such as Wells Fargo [WFC  Loading...      ()   ], JPMorgan [JPM  Loading...      ()   ], and Bank of America [BAC  Loading...      ()   ], have declined 19%, 21%, and 19% respectively since the beginning of the year.  Here are some of the worst performing Financials YTD.

The only two sectors modestly up for the year within the S&P 500 Index, are the Information Technology sector, up 0.42% YTD, followed by the Utility sector, with an increase of 0.04% during the same period.

Within the S&P 500 Information Technology sector, the top performers so far are:



Companies holding up the Utility sector in 2009 include Dynegy [DYN  Loading...      ()   ] which is up 17% YTD, CMS Energy [CMS  Loading...      ()   ] and Constellation Energy [CEG  Loading...      ()   ], both up over 8% YTD.

Of the sectors in the red so far this year, the Materials sector is down the least year-to-date, with a decrease of 1.02%, followed by the Consumer Discretionary sector with a decline of 2.26%.  Weighing on the Materials sector, are companies such as Vulcan Materials [VCM  Loading...      ()   ] and United States Steel Corporation [X  Loading...      ()   ], down 18% and 14% respectively YTD.


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