The broad-market stock benchmark is up nearly 21% though the first seven months of the year, which would represent the richest year-to-date return for the...
Talk about titanic returns. The last time the S&P 500 stock index performed this well at this point in the year, a movie about a budding romance aboard the Titanic—an ill-fated luxury liner, deemed unsinkable back in 1912—was unspooling in theaters in 1997.
However, Wall Street investors may be hoping that the stock market extends its own blockbuster run and avoids any major icebergs. Information technology shares XLK, +0.22% have led the rally in 2019, up 33.2% year to date, with consumer-discretionary shares XLY, +0.46% and the communication-services sector XLC, +2.86% rounding out the top-three performing sectors among the S&P 500’s 11 thus far in the year.
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