On Friday, the S&P 500 closed at a new bull market high by taking out the prior closing high it made on September 14th. Now the S&P 500 once again has its sight set on its all-time high of 1,565.15 reached back in late 2007.
Below is a look at S&P 500 sector performance since last September 14th when the S&P made its prior bull market high. As shown, the index was able to make a new high even with the biggest sector in the market -- Technology -- down 6.87%. Energy, Telecom and Utilities are also down since 9/14.
While Technology has struggled, the Financial sector has been the key to getting back to new highs. Since 9/14, the Financial sector is up the most at +5.17%. Industrials, Health Care, Consumer Discretionary, Materials and Consumer Staples are the other five sectors that have posted gains.
For those interested, below is a list of the best and worst performing S&P 500 stocks since the index made its prior bull market high on 9/14. Netflix (NASDAQ:NFLX), First Solar (NASDAQ:FSLR), Ford (NYSE:F), Bank of America (NYSE:BAC) and Yahoo! (NASDAQ:YHOO) have been key winners, while Apple (NASDAQ:AAPL) has been the biggest drag. If Apple shares were simply flat over the last three and a half months instead of down 23.83%, the S&P 500 would now be well above its 2012 highs.