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S&P 500 index

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

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.

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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%.

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