Energy stocks surge 7% on oil price gains, while most S&P 500 sectors face declines.
Sectors & Industries
The S&P 500 sectors showed mixed performance, with notable gains in Energy, which surged by 7%, and Telecom, which increased by 2.2%. Utilities and Financials also posted positive returns, up 1.1% and 1%, respectively, while Industrials and Information Technology had modest gains of 0.4% and 0.1%.
In contrast, several sectors experienced declines, with Materials falling the most at -2%, followed by Real Estate at -1.9%, Consumer Staples at -1.6%, Consumer Discretionary at -1.2%, and Healthcare at -0.9%. This varied sector performance indicates a divergence in market conditions, with Energy clearly outperforming while most other sectors experienced slight declines. The S&P 500 finished flat for the week.
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