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U.S. Market Sectors – What to Watch: Top Performers from January to Early May 2024

Earlier this year, Paycheck to Wealth mentioned several market sectors to keep an eye on for good performance in 2024.  Let’s check in to see how these market sectors are doing.  The U.S. market has seen varied performances across different market sectors in the first few months of 2024. So far, three sectors have stood out for their robust performance. Let’s take a closer look at these sectors and the top-performing ETFs from Fidelity and Vanguard that have outperformed.

Best Performing Sectors

In particular, the financial sector’s performance reflects the broader economic trends, regulatory environment, and investor sentiment. While technology-focused funds have thrived, dividend strategies and global exposure have also played a significant role.

Now, let’s take a look at some of the top performing Fidelity and Vanguard ETFs so far in 2024.

As you can see, many of the top performing ETFs have similar companies as their top holdings.  Microsoft, Apple, and NVIDIA all seem to be very popular with ETF fund managers.  This sometimes provides clues to where great investment returns can be found, however this may only be short-term and not a long-term trend. 

The performance of these ETFs also reflects the dynamic nature of the U.S. market sectors. Investors have navigated through the economic landscape by leveraging the growth in health care and technology, while also finding value in the financial sector’s stability with its strong dividend paying companies. As we move further into 2024, these sectors and ETFs will be key areas to keep an eye on for their potential to continue leading the market.

Please keep in mind that this is an overview of the best performing U.S. market sectors and the top ETFs from Fidelity and Vanguard that have performed well during the period from January 1, 2024, to May 3, 2024. Investors looking to capitalize on these trends should consider these ETFs while also keeping an eye on the evolving market conditions.

This information is a market snapshot and should not be used to make investment decisions.  Past performance is not a guarantee of future results.  Investing involves risk that may result in a loss of some or all of your investment.  Please consult with a trusted financial advisor before making any investment decision.

Remember that Paycheck to Wealth is here to help.  If you have any questions or require further assistance, please contact us to learn more.

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