The S&P 500 Telecom sector fell 1.2% yesterday, pushing the sector into a 10% decline.
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Telecom Sector Since 2009
Since 1962 there have 54 declines of greater than 10%. The average decline is 18.6% and average duration is 141 days.
The most recent 10% decline occurred earlier in this bull market. From 4/3/09 to 7/10/09, the telecom sector fell 11.2% and the decline lasted 98 days.