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.
Website: drewby.com
Twitter: twitter.com/drewrobbins
All ideas are for information purposes only. I may or may not invest in the stocks discussed. Before investing in any stock, do your research and trade using your rules.
Twitter: twitter.com/drewrobbins
All ideas are for information purposes only. I may or may not invest in the stocks discussed. Before investing in any stock, do your research and trade using your rules.
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Website: drewby.com
Twitter: twitter.com/drewrobbins
All ideas are for information purposes only. I may or may not invest in the stocks discussed. Before investing in any stock, do your research and trade using your rules.
Twitter: twitter.com/drewrobbins
All ideas are for information purposes only. I may or may not invest in the stocks discussed. Before investing in any stock, do your research and trade using your rules.
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.