By midday Monday, the energy sector stood as the sole gainer among the major S&P 500 industry groups. The sector rose approximately 2% overall, bringing its month-to-date advance to more than 6%.
In contrast, the other 10 sectors were all trading lower, with communication services and utilities leading the declines, falling 1.9% and 1.6%, respectively. These two sectors are projected to post monthly losses of 1.5% and 5.6% for the month.
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