This Sector Is Crushing the S&P 500 in 2024 (and It's Not Tech)
Just a handful of mostly tech-focused companies have contributed the bulk of the S&P 500's year-to-date (YTD) gains. But that doesn't mean tech is the only sector winning in 2024.
In fact, the energy, materials, industrials, utilities, and financial sectors are all beating the S&P 500 over the last month. Meanwhile, communications, financials, energy, and industrials are the only sectors beating the S&P 500 YTD.
In a market where artificial intelligence (AI) drives so many narratives, it can be refreshing to see legacy companies outperform the benchmark. Let's look at what is fueling the industrial-sector rally and how to approach the sector.
Source Fool.com
