There were several change of winners and losers during a week that ended with the S&P 500 at a record close.
Technology (XLK) led for the first two days of the week, was sold off heavily on Wednesday and Thursday, but then ended the week with a huge gain on Friday, putting it in third place.
Utilities (XLU) took over the top spot on Thursday as investors became very cautious and fled to the defensive sector.
Consumer Staples (XLP) remained steady throughout the volatile week and ended the week at the top.
After last week's rout, Energy (XLE) seemed to find a bottom on Tuesday. After a big gain on Wednesday, the sector opened back near the bottom on Thursday, but quickly recovered. But the end of Friday, it was able to end the week with a gain.
Communication Services (XLC) and Consumer Discretionary (XLY) were the only two sectors to decline for the week. Communication Services ended the week at the bottom with more than a 4% decline. Although Technology sector fared well, there is still evidence of rotation from growth to value.
Technology (XLK) led for the first two days of the week, was sold off heavily on Wednesday and Thursday, but then ended the week with a huge gain on Friday, putting it in third place.
Utilities (XLU) took over the top spot on Thursday as investors became very cautious and fled to the defensive sector.
Consumer Staples (XLP) remained steady throughout the volatile week and ended the week at the top.
After last week's rout, Energy (XLE) seemed to find a bottom on Tuesday. After a big gain on Wednesday, the sector opened back near the bottom on Thursday, but quickly recovered. But the end of Friday, it was able to end the week with a gain.
Communication Services (XLC) and Consumer Discretionary (XLY) were the only two sectors to decline for the week. Communication Services ended the week at the bottom with more than a 4% decline. Although Technology sector fared well, there is still evidence of rotation from growth to value.
