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Our market specialists dig deep into Wall Street’s daily metrics, crunching the numbers to help you become smarter about the market so that you can make better investment decisions. By The Numbers details the daily drama, the winners and losers, how the day stacks up historically, and how the numbers can offer a glimpse of the future.
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Powered by Netflix, Consumer Discretionary Stocks Break Record
By: Giovanny Moreano
Quantitative Analyst
Quantitative Analyst
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AP |
S&P's consumer discretionary sector rose to a record high Thursday, as most major averages continued to post strong gains.
Since the beginning of 2012, the NASDAQ Composite has risen about 8 percent, followed by the S&P 500 and Dow, up 5 and 4.7 percent, respectively.
The consumer discretionary sector [.GSPD
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], which has an index weighting of 11 percent, is up about 6.5 percent this year — the fifth best-performing sector in the S&P [.SPX
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()
].
By midday Thursday, the sector traded as high as 331.19. The previous record of 330.07 was reached on July 7.
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Netflix [.SPX Loading... ()
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*Kristen Scholer contributed to this report.
Follow Giovanny Moreano on Twitter: @giovannymoreano
© 2012 CNBC.com
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