Energy, real estate, and tech lead market higher this month
S&P futures vs fair value: +2.10. Nasdaq futures vs fair value: +35.50. The S&P 500 futures trade two points, or 0.1%, above fair value. The S&P 500 is up 1.0% so far this month. Reviewing the monthly sector performances shows energy (+6.1%), real estate (+5.1%), and information technology (+2.6%) leading the benchmark index in gains, while the industrials (-1.5%), materials (-1.4%), and financials (-1.2%) sectors underperform with losses over 1.0% this month.Separately, Ferrari (RACE 204.29, -7.02, -3.3%) was double-downgraded to Sell from Buy at Goldman earlier today.