September isn't getting off to a good start. Since its intraday peak at 10:07 AM ET, the S&P 500 is down 2.70%. We calculated sector performance over the same time to see which areas of the market are leading it lower. As shown below, Financials are down the most with a decline of 4.03%, followed by Materials (-3.54%), Consumer Discretionary (-2.95%), and Industrials (-2.81%). Utilities have held up the best intraday, but the sector is still down more than 1.01% since 10:07. The S&P 500 is now just a point above the 1,000 level, and if the downtrend continues intraday, we'll be in the 900s again very soon.
Financials Lead in August
Best and Worst Performing Stocks in August
Most Overbought ETFs
