Casualties

In a flat week for the S&P 500, old economy stocks bore most of the losses. Energy shares slid 1.9 per cent, commodity producers lost 1.4 per cent, and industrial companies fell 1 per cent.

The S&P 500 Industrials Index is down 3.6 per cent in 2018, compared with a 3.5 per cent gain in the full index. Active manager ownership of in the group was at the lowest level since 2008 in August, Bank of America’s data show.