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The S&P 500 is trading in a tight range today just below Friday’s close of 1224.71. That was the highest close since November 5th, when the S&P 500 finished at 1225.85 which was the highest close in 26 months.

The Morgan Stanley Cyclical Index (^CYC) did indeed close above 1,000 on Friday. The CYC finished the week at 1000.95, which was its highest close since May 20, 2008.

In today’s trading, the cyclicals are again leading the market. Stocks like Freeport-McMoRan Copper & Gold (NYSE:FCX), ConocoPhillips (NYSE:COP), Baker Hughes (NYSE:BHI), Caterpillar (NYSE:CAT), Occidental Petroleum (NYSE:OXY) are at-- or near-- 52-week highs today.

Since I talk so much about the CYC, here’s a look at the 30 stocks in the index.

Company Symbol
Alcoa AA
Citigroup C
Caterpillar CAT
CSX Corporation CSX
DuPont DD
Deere & Company DE
Dow Chemical DOW
Eaton ETN
Ford F
Freeport-McMoRan FCX
FedEx FDX
Gannett GCI
Goodyear GT
Honeywell HON
Hewlett-Packard HPQ
International Paper IP
Ingersoll-Rand IR
Johnson Controls JCI
Masco MAS
Magna International MGA
3M MMM
Motorola MOT
PPG Industries PPG
Ryder System R
Sears SHLD
Temple-Inland TIN
United Technologies UTX
Whirlpool WHR
United States Steel X

Disclosure: Author's holdings can be found here.

Source: A Look at Morgan Stanley Cyclical Index as It Peaks