S&P 500 index

America’s S&P 500 index is among the Western world’s most cyclical indices.

Economically sensitive industries comprise around 70% of the index. Technology is its largest sector, accounting for almost 18%, with Apple worth almost 5%. Financials, consumer services (retail, media and travel stocks), industrials and oil and gas are further cyclical sectors.

Consumer goods and healthcare are the top two defensive segments. These are followed by utilities, which comprise 3.9% of the index, and telecoms firms, worth 3.1%.

 

MoneyWeek magazine

Latest issue:

Magazine cover
The hunt for water

The most valuable commodity

The UK's best-selling financial magazine. Take a FREE trial today.
Claim 4 FREE Issues

Robert Shiller: why one of the world's smartest economists is worried about the bond market

Merryn Somerset Webb talks to Yale professor and Nobel Prize winner Robert Shiller about how the power of 'stories' drives the global economy and creates financial bubbles.


Which investment platform?

When it comes to buying shares and funds, there are several investment platforms and brokers to choose from. They all offer various fee structures to suit individual investing habits.
Find out which one is best for you.


3 March 1938: Saudi Arabia strikes oil


On this day in 1938, the 'Dammam no. 7' well in Saudi Arabia struck oil, kicking off the exploitation of the world's biggest oil reserves.