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Woodstock Quarterly Newsletter / Summer 2018
The S&P 500 Index returned 2.65% through mid-year, recovering from its modest loss in the first quarter and remaining below its January high. Large capitalization internet and technology shares continued to dominate performance, with Alphabet, Amazon, Apple, Facebook, Microsoft, and Netflix accounting for 99% of the S&P’s modest gain.[1] Seven of the S&P 500’s current eleven sector classifications were down through mid-year.