Sector Performance from Monday

Sep 16, 2008: 9:01 AM CST

There were so many stories and cross-currents from Monday’s index declines, but let’s break it down by sector and see what the respective percentage decline was per AMEX Sector.

AMEX Sector SPDR Performance:

The Financial sector declined almost 10% in one day, with Energy prices – spurred by the 5% decline in crude oil prices – notching the second largest loss on the day at 7.5%.

Consumer Staples – which are a defensive sector that tends to hold its own in bear markets – showed relative strength on the day by declining only 1.20%.

What may be shocking to some – given the bearish news and price performance of Monday’s trading – is that the XLF Financial ETF actually did not make new lows on the year, but holds currently above those lows this morning.

XLF Financial ETF:

The XLF is actually showing relative strength to the broader market indexes in terms of being above its July low while the Dow Jones, S&P 500, and NASDAQ Indexes all broke to new lows for 2008.  The Russell 2000 also held above its July lows which is worth examining.

Let’s turn quickly to see the commodity performance on Monday.

Commodity Indexes:

Crude Oil/Energy declined the most, while Gold/Precious Metals showed gains on the day.

Be careful out there.

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