Sector Winners and Losers week ending 7/30
Materials (XLB) was the top sector of the week as manufacturing and core durable goods data showed increase demand and was confirmed in consumer spending numbers. The growth in the sector was matched by increased prices in metal commodities required to support economic expansion.
Energy (XLE) started the week strong and led several days throughout the week, but ended in second place behind Materials at the end of the week.
The three worst sectors were the growth sectors, all losing for the week. Technology (XLK), Communication Services (XLC), and Consumer Discretionary (XLY) were at the bottom of the weekly sector list.
Energy (XLE) started the week strong and led several days throughout the week, but ended in second place behind Materials at the end of the week.
The three worst sectors were the growth sectors, all losing for the week. Technology (XLK), Communication Services (XLC), and Consumer Discretionary (XLY) were at the bottom of the weekly sector list.
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