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
Don't panic!

The Greek vote is a great opportunity to buy Europe

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

Paul Hodges: house prices could fall 50% in 'Great Unwinding'

Merryn Somerset Webb interviews Paul Hodges about deflation, the global economy's 'Great Unwinding', and how Britain's house prices could halve.


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.


30 January 1933: Adolf Hitler takes power

Adolf Hitler came to power on this day in 1933 following a political gamble that went disastrously wrong, and allowed the Nazi leader to call fresh elections.