Based on the attached SPX GICS table from the WEI functions below, which sector has contributed the largest daily increase to the SPX index at this time? SPX, 4566.87, +11.89, (4566.19)/(4567.76) A. At 12:58 d 04563.87 H 4578.43 L 4560.94 Prev 4554.98 XD Export Settings – able[[SPX Index],[SPX > GICS]] SPX > GICS Pie Chart & Table 1 Table 1 Pie Chart SPX: Percent Price Change by GICS Sector SPX 4566.87 +11.89 4566.19/4567.76 At 12:58 d0 4563.87 H 4578.43 L 4560.94 Prev 4554.98XD ExportSettings SPX Index Group by Region O SectorMarket CapUSDAlL Historical Performance SPX>GICS Pie Chart &Table TablePie Chart SPX:Percent Price Change by GICS Sector Name All Securities %Chg Min Max IndxPt Count +0.22% >Information Technology -11.02% 14.55% 10.32 503 >Health Care -0.42% 2.96% 2.73% -5.45 65 Financials +0.65% -5.12% 5.68% 3.84 65 Consumer Discretionary +0.56% -1.25% 14.55% 3.24 +0.66% 72 Consumer Staples -2.84% 4.72% +0.82% 3.23 >Real Estate -0.24% 4.84% Utilities +1.10% 2.43 -0.48% 333 3.51% +1.04% 1.23 -1.08% 2.35% +0.55% 1.20 1>Communication Services -2.78% 1D>Industrials 1.69% +0.20% 1.02 -11.02% 1>Materials 8.44% 0.75 1311 -0.20% -2.22% -0.43% 2.53% -2.52% -0.68 2.92% -0.48 29 % Up % Down Weight 61.2% 38.8% 100.00% 36.9% 63.1% 28.52% 64.6% 35.4% 13.08% 68.1% 31.9% 12.62% 54.7% 45.3% 10.83% 94.6% 5.4% 6.53% 93.5% 6.5% 2.49% 93.3% 6.7% 2.54% 69.6% 30.4% 4.06% 39.1% 60.9% 8.43% 40.0% 60.0% 58.6% 8.44% 41.4% 2.46%
The Correct Answer and Explanation is:
Based on the provided table, the Health Care sector contributed the largest daily increase to the SPX index at this time.
Explanation:
To determine which sector had the greatest positive impact on the S&P 500 (SPX) index, the most important column to analyze is “Indx Pt,” which represents the Index Point contribution of each sector. This value calculates the exact number of points a sector has added to or subtracted from the index’s total change, factoring in both the sector’s percentage change and its overall weight within the index.
While several sectors show a higher percentage gain (“%Chg”), such as Utilities (+1.10%) and Energy (+1.04%), their smaller index weights limit their total influence. The Health Care sector, despite having a more moderate gain of +0.65%, made the most significant positive contribution. According to the table, Health Care added +3.84 points to the SPX.
This contribution is visibly the largest positive figure in the “Indx Pt” column. The next closest positive contributors were the Financials sector at +3.24 points and the Consumer Discretionary sector at +3.23 points.
Conversely, the table also illustrates how a large sector can have a negative impact. The Information Technology sector, which has the largest weight at 28.52%, was down -0.42% for the day. This resulted in it being the largest detractor, pulling the index down by -5.45 points.
Therefore, the net change in the SPX index is a sum of these individual positive and negative contributions. At the time this data was captured, the +3.84 point contribution from the Health Care sector was the single largest positive force pushing the index higher
