FYI: U.S. stocks fell sharply Monday in a broad decline that for the first time in 2018 put every S&P 500 sector into negative territory for the year.
All 11 industry groups fell in a holiday-shortened session, pressured as turmoil in Washington kept investors on edge, extending losses that came after the worst week for Wall Street in almost a decade.
The S&P 500 Utility sector collapsed 4.3 percent, its biggest one-day percentage drop since August 2011. The slump pushed the group into negative territory for the year; it is now down 2.1 percent for 2018. A similar flip occurred in the health-care sector, which dropped 2.5 percent on Monday, bringing its year-to-date move to a drop of 2.3 percent.
Regards,
Ted
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