Severe Carnage In Risk Sectors Despite Modest Losses On S&P

The S&P 500 is only down around 3 points on Thursday after trading higher for much of the session. The carnage in some sectors and stocks, however, is much worse than what the major averages would suggest. For example, the Technology sector has lost 0.80%, and some tech stocks are getting absolutely smashed. The Basic Materials sector is getting completely devastated currently, down 1.54%. Currently, the only three sectors that are trading higher are Conglomerates, Consumer Non-Cyclical and Utilities. Here is how all of the major sectors are performing on Thursday with around an hour and a half left in the session. Basic Materials -1.54% Capital Goods -0.31% Conglomerates +0.05% Cons. Cyclical -0.47% Cons. Non-Cyclical +0.04% Energy -0.39% Financial -0.45% Healthcare -0.55% Services -0.42% Technology -0.80% Transportation -0.28% Utilities +0.28%