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The S&P 500 is currently 12.64% below its 52-week high. As shown below, 4 sectors are farther from their 52-week highs than the S&P 500, while six are closer. The Financial sector is the farthest away from its 52-week high at -27.81%, followed by Materials (-21.09%), Energy (-20.60%) and Industrials (-19.48%). These four sectors have clearly been the problem areas for the market recently, and they have made the biggest contribution to the downturn that we've experienced over the past few months. The other six sectors don't look all that bad. Utilities is just 3.72% from its 52-week high, followed by Consumer Staples (-5.55%), Technology (-6.82%), Consumer Discretionary (-8.87%), Telecom (-10.18%) and Health Care (-10.75%).

Below is a list of the individual stocks in the Russell 1,000 that are currently trading the closest to their 52-week intraday highs. As shown, Cephalon (NASDAQ:CEPH), Varian Semi (NASDAQ:VSEA), Emdeon (NYSE:EM), Nuance (NASDAQ:NUAN), and Temple-Inland (NYSE:TIN) are all essentially at new 52-week highs today. The rest of the stocks shown are less than 2.5% from their 52-week highs. Some of the more noteworthy stocks on the list include IBM, Bed Bath & Beyond (NASDAQ:BBBY), Starbucks (NASDAQ:SBUX), McDonald's (NYSE:MCD), Nike (NYSE:NKE), General Mills (NYSE:GIS), (NASDAQ:AMZN) and Altria Group (NYSE:MO).

Source: Russell 1000 Stocks Closest To 52-Week Highs