The Standard & Poor’s and the Global Industry Classification Standard recognize 11 types of business sectors. These distinctions make it simpler for investors, government officials and everyday people to discuss the economy and evaluate the growth or decline of industries. Currently, IT is the dominant sector in the U.S., making up almost 30% of the S&P 500. Knowing and understanding the sector breakdown can be beneficial for investment and career decisions.
Sectors: The S&P 500’s 7-layer dip
The Standard & Poor’s and the Global Industry Classification Standard recognize 11 types of business sectors. These distinctions make it simpler for investors, government officials and everyday people to discuss the economy and evaluate the growth or decline of industries. Currently, IT is the dominant sector in the U.S., making up almost 30% of the S&P 500. Knowing and understanding the sector breakdown can be beneficial for investment and career decisions.