The S&P 500 was dominated by three growth sectors for the week, finishing the week with a big 2.71% gain and another new all-time high.
Technology (XLK) finished the week as the top sector, taking the top spot on Thursday and Friday as big tech companies solidified breakouts from their recent consolidations.
Likewise, Consumer Discretionary (XLY) and Communication Services (XLC) finished in second and third place largely thanks for mega-caps that are overweight in the lists.
Energy (XLE) was at the bottom of the list with over a 4% decline. Some of that may be attributed to mixed outlook from analysts on supply and demand for oil. But Energy also tends to suffer when a large amount of investment rotates into the three big growth sectors.
Only Energy declined for the week. The other sectors had gains, albeit underperformed the broader S&P 500 index.
Technology (XLK) finished the week as the top sector, taking the top spot on Thursday and Friday as big tech companies solidified breakouts from their recent consolidations.
Likewise, Consumer Discretionary (XLY) and Communication Services (XLC) finished in second and third place largely thanks for mega-caps that are overweight in the lists.
Energy (XLE) was at the bottom of the list with over a 4% decline. Some of that may be attributed to mixed outlook from analysts on supply and demand for oil. But Energy also tends to suffer when a large amount of investment rotates into the three big growth sectors.
Only Energy declined for the week. The other sectors had gains, albeit underperformed the broader S&P 500 index.
