(Updated with closing costs on March 31.)
Technology shares dominated throughout March, with exceptional features for a sector that tumbled final yr. Meanwhile, two high-profile financial institution failures took their toll on the monetary sector — however perhaps that sector carried out higher than you anticipated.
Below are lists of the month’s finest and worst performing shares within the S&P 500
SPX,
adopted by lists for the Nasdaq-100 Index
NDX
and the Dow Jones Industrial Average
DJIA.
First, check out how the 11 sectors of the S&P 500 fared for the month. Performance and ahead price-to-earnings valuations for the broad indexes are beneath the sectors:
| Index | March worth change | 2023 worth change | 2022 worth change | Forward P/E | Forward P/E as of Dec. 30, 2022 | Forward P/E as of Dec. 31, 2021 |
| Information Technology | 10.9% | 21.5% | -28.9% | 24.4 | 20.0 | 28.2 |
| Communication Services | 10.4% | 20.2% | -40.4% | 16.2 | 14.4 | 20.9 |
| Utilities | 4.6% | -4.0% | -1.4% | 17.7 | 18.8 | 20.4 |
| Consumer Staples | 3.8% | 0.2% | -3.2% | 20.2 | 20.6 | 21.4 |
| Consumer Discretionary | 3.0% | 15.8% | -37.6% | 25.2 | 21.5 | 34.2 |
| Health Care | 2.1% | -4.7% | -3.6% | 17.1 | 17.7 | 17.2 |
| Industrials | 0.6% | 3.0% | -7.1% | 18.5 | 18.4 | 21.2 |
| Energy | -0.5% | -5.6% | 59.0% | 10.2 | 9.8 | 11.1 |
| Materials | -1.3% | 3.8% | -14.1% | 16.5 | 15.7 | 16.6 |
| Real Estate | -2.1% | 1.0% | -28.4% | 17.0 | 17.1 | 25.3 |
| Financials | -9.7% | -6.0% | -12.4% | 12.4 | 12.9 | 16.1 |
| S&P 500 | 3.5% | 7.0% | -19.4% | 17.9 | 16.8 | 21.5 |
| Dow Jones Industrial Average | 1.9% | 0.4% | -8.8% | 16.7 | 16.6 | 18.9 |
| Nasdaq Composite Index | 6.7% | 16.8% | -33.1% | 26.0 | 22.4 | 31.6 |
| Nasdaq-100 Index | 9.5% | 20.5% | -33.0% | 25.0 | 21.0 | 30.6 |
| Source: FactSet | ||||||
All worth modifications on this article exclude dividends.
The IT sector has seen a substantial rebound this yr, accelerating in March. The communications Services sector has trailed intently.
Sector placement could be complicated for some corporations when contemplating how they’re perceived by traders. Both Meta Platforms Inc.
META
and Alphabet Inc.
GOOGL
are within the communications sector. Both are among the many finest performers within the S&P 500 throughout March, listed beneath.
Read: What tech bust? Big Tech shares gained $2 trillion in roaring begin to 2023
Despite such a robust exhibiting for the benchmark index, solely 261 shares within the S&P 500 rose throughout March. This displays the index’s weighting by market capitalization.
Here are the 20 shares within the S&P 500 that carried out finest for the month:
| Company | Ticker | March worth change | 2023 worth change | 2022 worth change | Forward P/E | Forward P/E as of Dec. 31 |
| Intel Corp. | INTC | 31.0% | 23.6% | -48.7% | 40.0 | 14.6 |
| First Solar Inc. | FSLR | 28.6% | 45.2% | 71.9% | 26.3 | 29.4 |
| Advanced Micro Devices Inc. | AMD | 24.7% | 51.3% | -55.0% | 28.9 | 17.8 |
| Salesforce Inc. | CRM | 22.1% | 50.7% | -47.8% | 26.5 | 23.7 |
| Meta Platforms Inc. Class A | META | 21.2% | 76.1% | -64.2% | 19.6 | 14.7 |
| Arista Networks Inc. | ANET | 21.0% | 38.3% | -15.6% | 27.2 | 22.3 |
| Nvidia Corp. | NVDA | 19.6% | 90.1% | -50.3% | 57.9 | 34.4 |
| Adobe Inc. | ADBE | 19.0% | 14.5% | -40.7% | 23.6 | 21.8 |
| Illumina Inc. | ILMN | 16.7% | 15.0% | -46.9% | 121.1 | 66.0 |
| Microsoft Corp. | MSFT | 16.0% | 20.6% | -28.7% | 27.2 | 23.1 |
| Insulet Corp. | PODD | 15.4% | 8.3% | 10.6% | 213.1 | 260.4 |
| Alphabet Inc. Class A | GOOGL | 15.2% | 17.6% | -39.1% | 18.7 | 16.9 |
| MarketAxess Holdings Inc. | MKTX | 14.6% | 40.3% | -32.2% | 48.0 | 37.1 |
| Chipotle Mexican Grill Inc. | CMG | 14.5% | 23.1% | -20.6% | 37.8 | 32.3 |
| Kroger Co. | KR | 14.4% | 10.7% | -1.5% | 10.9 | 10.6 |
| Cooper Cos. Inc. | COO | 14.2% | 12.9% | -21.1% | 27.2 | 25.6 |
| General Electric Co. | GE | 12.9% | 14.1% | -11.3% | 38.6 | 16.2 |
| FedEx Corp. | FDX | 12.4% | 31.9% | -33.0% | 12.8 | 11.2 |
| Newmont Corp. | NEM | 12.4% | 3.9% | -23.9% | 21.5 | 24.9 |
| Activision Blizzard Inc. | ATVI | 12.2% | 11.8% | 15.1% | 21.6 | 19.6 |
| Source: FactSet | ||||||
Click on the tickers for extra about every firm.
Read Tomi Kilgore’s detailed information to the wealth of data obtainable at no cost on the MarketWatch quote web page.
Intel Corp.
INTC
was the most effective performer among the many S&P 500 in March. A protracted-term chart for the inventory is beneath the Nasdaq-100 listing additional down.
Here are the worst 20 performers within the benchmark index in March, primarily reflecting traders’ considerations about regional banks:
| Company | Ticker | March worth change | 2023 worth change | 2022 worth change | Forward P/E | Forward P/E as of Dec. 31 |
| First Republic Bank | FRC | -88.6% | -88.5% | -41.0% | 4.1 | 17.1 |
| Zions Bancorporation N.A. | ZION | -40.9% | -39.1% | -22.2% | 4.8 | 7.3 |
| Comerica Inc. | CMA | -38.1% | -35.1% | -23.2% | 4.7 | 6.6 |
| Charles Schwab Corp | SCHW | -32.8% | -37.1% | -1.0% | 12.5 | 17.1 |
| KeyCorp | KEY | -31.5% | -28.1% | -24.7% | 6.1 | 7.5 |
| Lincoln National Corp | LNC | -29.2% | -26.9% | -55.0% | 2.5 | 3.4 |
| Truist Financial Corp. | TFC | -27.4% | -20.8% | -26.5% | 6.9 | 8.2 |
| Citizens Financial Group Inc. | CFG | -27.3% | -22.9% | -16.7% | 6.2 | 7.7 |
| Huntington Bancshares Inc. | HBAN | -26.9% | -20.6% | -8.6% | 7.4 | 9.0 |
| Fifth Third Bancorp | FITB | -26.6% | -18.8% | -24.7% | 7.0 | 8.2 |
| U.S. Bancorp | USB | -24.5% | -17.3% | -22.4% | 7.1 | 8.6 |
| M&T Bank Corp. | MTB | -23.0% | -17.6% | -5.5% | 6.8 | 7.7 |
| Regions Financial Corp. | RF | -20.4% | -13.9% | -1.1% | 7.3 | 8.6 |
| Wells Fargo & Co. | WFC | -20.1% | -9.5% | -13.9% | 7.7 | 8.0 |
| PNC Financial Services Group Inc. | PNC | -19.5% | -19.5% | -21.2% | 8.6 | 9.8 |
| MetLife Inc. | MET | -19.2% | -19.9% | 15.8% | 6.7 | 8.7 |
| Synchrony Financial | SYF | -18.6% | -11.5% | -29.2% | 5.5 | 6.4 |
| Dish Network Corp. Class A | DISH | -18.2% | -33.5% | -56.7% | 8.0 | 8.6 |
| American International Group Inc. | AIG | -17.6% | -20.4% | 11.2% | 7.6 | 10.0 |
| Boston Properties Inc. | BXP | -17.3% | -19.9% | -41.3% | 24.1 | 31.3 |
| Source: FactSet | ||||||
First Republic Bank
FRC
of San Francisco was the worst-performing inventory within the S&P 500 for March due to deposit outflow within the wake of comparable bother that brought about the failures of Silicon Valley Bank on March 10 and the failure of Signature Bank of New York on March 12.
Read: Here’s how First Republic Bank’s tailspin began and why it hasn’t stopped.
And: How the FDIC has set a ‘baseline’ for troubled industrial actual property
One cause the monetary sector declined “only” 9.7% in March was the reclassification of sectors by S&P Dow Jones Indices. Visa Inc.
V,
Mastercard Inc.
MA
and PayPal Holdings Inc.
PYPL
all moved to the financials sector from the tech sector and had been up for the month. Two different massive parts of the monetary sector — Berkshire Hathaway Inc.
BRK
and S&P Global Inc.
SPGI
— rose throughout March. The 5 corporations collectively have a mixed market cap of $1.41 trillion, or 31% of the sector’s $4.57 trillion market cap.
Nasdaq-100
The Nasdaq-100 index is made up of the most important 100 nonfinancial corporations within the full Nasaq Composite Index
COMP,
by market cap. Here are the ten parts of the index that carried out the most effective throughout March:
| Company | Ticker | March worth change | 2023 worth change | 2022 worth change | Forward P/E | Forward P/E as of Dec. 31 |
| Intel Corp. | INTC | 31.0% | 23.6% | -48.7% | 40.0 | 14.6 |
| Advanced Micro Devices Inc. | AMD | 24.7% | 51.3% | -55.0% | 28.9 | 17.8 |
| Meta Platforms Inc. Class A | META | 21.2% | 76.1% | -64.2% | 19.6 | 14.7 |
| Nvidia Corp. | NVDA | 19.6% | 90.1% | -50.3% | 57.9 | 34.4 |
| Adobe Inc. | ADBE | 19.0% | 14.5% | -40.7% | 23.6 | 21.8 |
| Lululemon Athletica Inc. | LULU | 17.8% | 13.7% | -18.2% | 30.3 | 28.3 |
| Illumina Inc. | ILMN | 16.7% | 15.0% | -46.9% | 121.1 | 66.0 |
| Microsoft Corp. | MSFT | 15.6% | 20.2% | -28.7% | 27.2 | 23.1 |
| Alphabet Inc. Class A | GOOGL | 15.2% | 17.6% | -39.1% | 18.7 | 16.9 |
| CrowdStrike Holdings Inc. Class A | CRWD | 13.7% | 30.4% | -48.6% | 54.1 | 54.2 |
| Source: FactSet | ||||||
To put Intel’s 2003 surge into perspective, right here’s a 10-year worth chart for the inventory:
Intel’s inventory has surged 24% in 2023 following a 49% decline final yr.
FactSet
Read: Intel’s inventory set for finest month in 22 years as execs lay out plans to tackle AMD’s rise in servers
The Dow 30
Here’s how all 30 parts of the Dow Jones Industrial Average carried out in March:
| Company | Ticker | March worth change | 2023 worth change | 2022 worth change | Forward P/E | Forward P/E as of Dec. 31 |
| Intel Corp. | INTC | 31.0% | 23.6% | -48.7% | 40.0 | 14.6 |
| Salesforce Inc. | CRM | 22.1% | 50.7% | -47.8% | 26.5 | 23.7 |
| Microsoft Corp. | MSFT | 15.6% | 20.2% | -28.7% | 27.2 | 23.1 |
| Apple Inc. | AAPL | 11.9% | 26.9% | -26.8% | 25.8 | 20.5 |
| Procter & Gamble Co. | PG | 8.1% | -1.9% | -7.3% | 23.8 | 25.2 |
| Cisco Systems Inc. | CSCO | 8.0% | 9.7% | -24.8% | 13.0 | 13.0 |
| McDonald’s Corp. | MCD | 5.9% | 6.1% | -1.7% | 25.6 | 25.1 |
| Boeing Co. | BA | 5.4% | 11.5% | -5.4% | 146.4 | 53.7 |
| Amgen Inc. | AMGN | 4.4% | -8.0% | 16.7% | 13.2 | 14.2 |
| Coca-Cola Co. | KO | 4.2% | -2.5% | 7.4% | 23.4 | 25.2 |
| Walmart Inc. | WMT | 3.7% | 4.0% | -2.0% | 23.4 | 21.7 |
| Nike Inc. Class B | NKE | 3.2% | 4.8% | -29.8% | 30.9 | 32.6 |
| Visa Inc. Class A | V | 2.5% | 8.5% | -4.1% | 24.5 | 24.1 |
| Chevron Corp. | CVX | 1.5% | -9.1% | 53.0% | 10.8 | 10.9 |
| International Business Machines Corp. | IBM | 1.4% | -7.0% | 5.4% | 13.4 | 14.7 |
| Johnson & Johnson | JNJ | 1.1% | -12.3% | 3.3% | 14.5 | 17.0 |
| Walt Disney Co. | DIS | 0.5% | 15.3% | -43.9% | 20.4 | 19.5 |
| Verizon Communications Inc. | VZ | 0.2% | -1.3% | -24.2% | 8.2 | 7.9 |
| Merck & Co. Inc. | MRK | 0.1% | -4.1% | 44.8% | 14.5 | 14.8 |
| Honeywell International Inc. | HON | -0.2% | -10.8% | 2.8% | 20.3 | 23.3 |
| Home Depot Inc. | HD | -0.5% | -6.6% | -23.9% | 17.8 | 18.7 |
| UnitedHealth Group Inc. | UNH | -0.7% | -10.9% | 5.6% | 18.2 | 21.3 |
| 3M Co. | MMM | -2.4% | -12.3% | -32.5% | 11.6 | 11.5 |
| Walgreens Boots Alliance Inc. | WBA | -2.7% | -7.4% | -28.4% | 7.4 | 8.1 |
| Dow Inc. | DOW | -4.2% | 8.8% | -11.2% | 14.9 | 11.5 |
| Caterpillar Inc. | CAT | -4.5% | -4.5% | 15.9% | 13.9 | 15.7 |
| American Express Co. | AXP | -5.2% | 11.6% | -9.7% | 14.1 | 13.7 |
| Goldman Sachs Group Inc. | GS | -7.0% | -4.7% | -10.2% | 9.0 | 9.2 |
| Travelers Cos. Inc. | TRV | -7.4% | -8.6% | 19.9% | 11.4 | 12.8 |
| JPMorgan Chase & Co. | JPM | -9.1% | -2.8% | -15.3% | 9.8 | 10.4 |
| Source: FactSet | ||||||
Don’t miss: 11 shares within the S&P 500 anticipated to type an unique progress membership for traders
Source web site: www.marketwatch.com
