{"id":6753,"date":"2024-04-03T11:15:29","date_gmt":"2024-04-03T16:15:29","guid":{"rendered":"https:\/\/schenkelberg.investments\/?p=6753"},"modified":"2024-04-03T11:15:50","modified_gmt":"2024-04-03T16:15:50","slug":"u-s-versus-international-u-s-sectors","status":"publish","type":"post","link":"https:\/\/schenkelberg.investments\/?p=6753","title":{"rendered":"U.S. Versus International\/U.S. Sectors"},"content":{"rendered":"\n
Index<\/strong><\/td>First Quarter 2024<\/strong><\/td>Year          To-Date 2024<\/strong><\/td><\/tr>
S&P 500<\/td>10.4%<\/td>10.4%<\/td><\/tr>
Dow Jones Industrial Average<\/td>6.0%<\/td>6.0%<\/td><\/tr>
Russell 2000<\/td>5.1%<\/td>5.1%<\/td><\/tr>
 <\/td><\/td> <\/td><\/tr>
MSCI All Country World Index ex-US<\/td>5.0%<\/td>5.0%<\/td><\/tr>
 <\/td><\/td> <\/td><\/tr>
Aggregate Bond<\/td>-0.8%<\/td>-0.8%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Performance Source: Bespoke Investments Total Return<\/em><\/p>\n\n\n\n

U.S. Versus International<\/strong><\/p>\n\n\n\n

The S&P 500, Index, an index of large U.S. companies, posted a total return of 10.4% for the First Quarter of 2024. Large U.S. stocks outperformed international for the quarter as measured by the iShares MSCI ACWI ex-US Index, a representation of international stocks outside the U.S. The international ETF return for the First Quarter of 2024 was 5.0%<\/p>\n\n\n\n

Solid economic growth and optimism surrounding Artificial Intelligence businesses helped propel the S&P 500 to a new high in the quarter. International stocks continue to move forward, but at a more muted pace as conflict concerns continue to grip international markets.<\/p>\n\n\n\n

Japanese stocks were a global bright spot in the quarter, with the Nikkei posting a new high. Forbes reports that strong domestic corporate profits, a favolable outlook for exporters amid a weakning yen and the Bank of Japan\u2019s hesitance to end its negative interest policy as positives for the index.<\/p>\n\n\n\n

U.S. Sectors<\/strong><\/h2>\n\n\n\n

Top performing U.S. S&P 500 sectors as reported by Bespoke Investments for the First Quarter of 2024 include Energy (13.5%), Communications (12.7%) and Financials (12.4%). Laggards for the First Quarter include Real Estate (-0.7%), Consumer Discretionary (3.1%) and Utilities (4.5%).<\/p>\n\n\n\n

Energy stocks were fueled by rising oil prices during the quarter. Rising oil prices were driven by OPEC cuts and ongoing conflict.  Energy stocks are also buoyed by attractive valuations following lagging performance in 2023.<\/p>\n\n\n\n

Real Estate stocks suffered in the first quarter predominantly due to concerns the Federal Reserve will not bring down interest rates as quickly as hoped. Higher interest rates have significantly slowed real estate inventory and transactions.<\/p>\n","protected":false},"excerpt":{"rendered":"

Index First Quarter 2024 Year          To-Date 2024 S&P 500 10.4% 10.4% Dow Jones Industrial Average 6.0% 6.0% Russell 2000 5.1% 5.1%     MSCI All Country World Index ex-US 5.0% 5.0%     Aggregate Bond -0.8% -0.8% Performance Source: Bespoke Investments Total Return U.S. Versus International The S&P 500, Index, an index of large U.S. […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[119,123],"tags":[],"class_list":["post-6753","post","type-post","status-publish","format-standard","hentry","category-market-commentary","category-market-performance"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p7kXxe-1KV","jetpack-related-posts":[{"id":6646,"url":"https:\/\/schenkelberg.investments\/?p=6646","url_meta":{"origin":6753,"position":0},"title":"Market Update. 3rd Quarter 2022","author":"J.J. Schenkelberg, CFA","date":"October 18, 2022","format":false,"excerpt":"IndexThird Quarter 2022Year\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 To-Date 2022S&P 500-5.3%-24.8%Dow Jones Industrial Average-6.7%-21.0%Russell 2000-2.5%-25.9%\u00a0\u00a0MSCI EAFE (International Index)-10.4%-27.2%\u00a0\u00a0Barclays Aggregate Bond-4.6%-14.5% Performance Source: Koyfin U.S. Versus International The S&P 500, an index of large U.S. companies, posted a total return of -5.3% for the Third Quarter of 2022. U.S. stocks outperformed international for the quarter as\u2026","rel":"","context":"In "Market Commentary"","block_context":{"text":"Market Commentary","link":"https:\/\/schenkelberg.investments\/?cat=119"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6302,"url":"https:\/\/schenkelberg.investments\/?p=6302","url_meta":{"origin":6753,"position":1},"title":"Market Update – First Quarter 2019","author":"J.J. Schenkelberg, CFA","date":"April 12, 2019","format":false,"excerpt":"U.S. Versus International The S&P 500, an index of large U.S. companies, posted a total return of 13.6% for the First Quarter of 2019. U.S. stocks outperformed international for the quarter as measured by the All Country World Index ex-U.S. stocks, a representation of international stocks outside the U.S. Total\u2026","rel":"","context":"In "Market Commentary"","block_context":{"text":"Market Commentary","link":"https:\/\/schenkelberg.investments\/?cat=119"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6765,"url":"https:\/\/schenkelberg.investments\/?p=6765","url_meta":{"origin":6753,"position":2},"title":"U.S. Versus International\/U.S. Sectors","author":"J.J. Schenkelberg, CFA","date":"July 10, 2024","format":false,"excerpt":"IndexSecond Quarter 2024Year\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 To-Date 2024S&P 5003.9%14.5%Dow Jones Industrial Average-1.7%3.8%Russell 2000-3.9%0.8%\u00a0\u00a0MSCI All Country World Index ex-US1.0%5.6%\u00a0\u00a0Aggregate Bond0.1%-0.6% Performance Source: Koyfin Price Return U.S. Versus International The S&P 500 Index, an index of large U.S. companies, posted a price return of 3.9% for the Second Quarter of 2024. Large U.S. stocks outperformed\u2026","rel":"","context":"In "Market Commentary"","block_context":{"text":"Market Commentary","link":"https:\/\/schenkelberg.investments\/?cat=119"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6214,"url":"https:\/\/schenkelberg.investments\/?p=6214","url_meta":{"origin":6753,"position":3},"title":"Performance Update 3Q 2018","author":"J.J. Schenkelberg, CFA","date":"October 9, 2018","format":false,"excerpt":"U.S. Versus International The S&P 500, an index of large U.S. companies, posted a total return of 7.7% for the 13 weeks ending September 30, 2018. U.S. stocks outperformed international for the quarter as measured by the All Country World Index ex-U.S. stocks, a representation of international stocks outside the\u2026","rel":"","context":"In "Market Commentary"","block_context":{"text":"Market Commentary","link":"https:\/\/schenkelberg.investments\/?cat=119"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6678,"url":"https:\/\/schenkelberg.investments\/?p=6678","url_meta":{"origin":6753,"position":4},"title":"Market Update. 4th Quarter 2022","author":"J.J. Schenkelberg, CFA","date":"January 10, 2023","format":false,"excerpt":"IndexFourth Quarter 2022Year\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 To-Date 2022S&P 5007.1%-19.5%Dow Jones Industrial Average15.3%-8.8%Russell 20005.8%-21.6%\u00a0\u00a0MSCI EAFE (International Index)17.7%-14.4%\u00a0\u00a0Barclays Aggregate Bond1.6%-13.0% Performance Source: Koyfin U.S. Versus International The S&P 500, an index of large U.S. companies, posted a total return of 7.1% for the Fourth Quarter of 2022. U.S. stocks lagged international for the quarter as\u2026","rel":"","context":"In "Market Commentary"","block_context":{"text":"Market Commentary","link":"https:\/\/schenkelberg.investments\/?cat=119"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6190,"url":"https:\/\/schenkelberg.investments\/?p=6190","url_meta":{"origin":6753,"position":5},"title":"Performance Update First Qaurter 2018","author":"J.J. Schenkelberg, CFA","date":"April 6, 2018","format":false,"excerpt":"U.S. Versus International The S&P 500, an index of large U.S. companies, posted a total return of -0.8% for the 13 weeks ending March 31, 2018. 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