The major U.S. stock indices, closely monitored through ETFs — the SPDR S&P 500 ETF Trust (NYSE:SPY), SPDR Dow Jones Industrial Average ETF (NYSE:DIA), Invesco QQQ Trust (NASDAQ:QQQ), and the iShares Russell 2000 ETF (NYSE:IWM) — are all poised to finish the month with negative results.
This will mark the first month of losses after a consecutive 5-month winning streak for both the SPY and the QQQ.
However, it’s worth considering which industries have fared better or worse in the stock market throughout August 2023.
Top-Performing Industry ETFs In August 2023
The list isn’t extensive, and the winners for August don’t boast astonishing performance, underscoring the prevailing downward market trend this month.
Among the industry ETFs that have still managed to achieve positive performance during this challenging month, we can identify:
Worst-Performing Industry ETFs In August 2023
The vast majority of industries showed negative returns in August, and some of them fell more sharply than the broader market.
In particular, among the worst industry ETFs this month we find:
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