The S&P 500: What a Difference a Year Makes!

Who would have thought on March 9, 2009, when the S&P 500 closed at 676, that we would be looking at a close of 1140 on March 9, 2010? For the one year period through March 8th, the S&P 500 posted a 66.57% gain, according to Select Sector SPDRs' Alps Distributors.

The Financials Select Sector SPDR (XLF), gained 146.76% over the year; the Consumer Discretionary Select Sector SPDR (XLY), was next, with a 95.25% gain, trailed closely by the Industrials Select Sector SPDR, up 92.0%. Even Utilities, the weakest Sector SPDR (XLU), was up a respectable 29.25%.

Select Sector SPDRs Summary for the week ended February 26:

  • The S&P 500 was up 3.10% for the week, and is now up 2.12% year-to-date.
  • Assets in Sector SPDRs grew by $1.78 billion for the week, or 5.94%.
  • The number of Sector SPDR shares grew by 21.45 million shares for the week, up 1.80%.
  • Volume was "light," with 661 million Sector SPDR shares changing hands. The Financials Sector
  • SPDR, as usual, captured the lion's share of volume--301,396,000 shares.
  • This week, the best-performing Sector SPDR was Materials (XLB), up5.30%. The Healthcare Sector SPDR (XLV), was the laggard this week, but was still up 1.97%.

To see Wealth Manager's exclusive graphs of Sector SPDR net flows moving into and out of all of the Select Sector SPDRs, click here.

Source: ALPS Distributors, distributors for the Select Sector SPDR Trust. For more information about Select Sector SPDRs, please go to

Comments? Please send them to Kate McBride is editor in chief of Wealth Manager and a member of The Committee for the Fiduciary Standard.

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