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The stock sector that was 2022's biggest loser is the top gainer in 2023 as market leadership gets shaken up
12 days ago - By Business Insider
A screenshot of popular shows on Netflix in January 2023. Netflix
The S&P 500 communications services sector has started 2023 as the top-performing group on the broad index.
The sector that's home to Meta, Netflix and Match has picked up 12% after sliding 40% last year.
The rotation in market leadership has extended to other hard-hit groups including consumer discretionary.
The communications services group has emerged as the S&P 500's best-performing sector in early 2023, highlighting the shift in market leadership after stocks sank into a bear market last year. The S&P 500 communications...
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