Here’s How S&P 500 Sectors Performed Last Week

US stocks ended the week with a slight rebound, rising by 0.5% and achieving the strongest consecutive daily gains of the year. This recovery helped mitigate some of the losses sustained earlier in the week, which began with a significant selloff—the worst trading day since 2022.

Despite initial market volatility and worries about a potential economic downturn, recent earnings reports from corporations have shed light on persistent trends, including a decline in consumer demand.

The week showed mixed performance across different sectors. The consumer discretionary and materials sectors saw declines, while the information technology and communication services sectors outperformed the broader market. Materials was the worst-performing sector, decreasing by 1.7%, whereas energy and industrial stocks both increased by 1.2%.

The technology sector also displayed varied results, with semiconductor stocks experiencing minor declines. Notable losses were recorded in shares of major companies, while other technology firms like Broadcom, Lam Research, and Micron Technology posted gains. Meanwhile, the software segment performed well, buoyed by strong earnings from Microsoft, Oracle, and Palo Alto Networks. The tech hardware segment advanced, driven by Apple, NetApp, and HP.

In the communication services sector, media and entertainment companies, including Meta Platforms, Alphabet, and Netflix, contributed to a sector gain of 1.0%. The telecommunication services sector also saw an uptick, with companies like Verizon, AT&T, and T-Mobile reaching new highs.

Healthcare stocks generally mirrored the broader market trend. The pharmaceutical subsector excelled, particularly after Eli Lilly reported impressive earnings. In contrast, biotechnology and life sciences companies like Gilead, Amgen, and AbbVie faced challenges.

Financial stocks slightly outperformed the market, with gains in banking, insurance, and financial services. Companies such as JPMorgan Chase, Progressive, and American Express were among the top performers, while stocks like Charles Schwab and Global Payments experienced declines.

The consumer discretionary sector tracked the overall market. The automotive and durable goods subsectors made modest gains, with Tesla and General Motors standing out. The real estate sector also saw appreciation, with REITs like Simon Property Group and Welltower reaching record highs.

Energy stocks generally rose following a 1% increase in prices for the week. While the oil, gas, and consumable fuels subsector enjoyed some gains, energy equipment and services faced declines. Utilities lagged behind, showing mixed outcomes in electric and multi-utility segments.

Industrial stocks remained mostly stable, with transportation facing losses and aerospace & defense experiencing gains. The materials sector underperformed, with chemical stocks making slight advancements, while construction materials and metals & mining sectors saw declines.