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Information Technology (MW) led the S&P 500 sectors last week, up 1.8%. The sector rose 3.4% on Thursday following Nvidia’s results the previous evening. Nvidia guided to 70% revenue growth next fiscal year against a 45% consensus. Energy (OW) was among the weakest, down 2.0%, while Consumer Discretionary (UW) rose 0.1%. The rate-sensitive sectors sold off on Friday after Warsh’s Jackson Hole speech, with Real Estate (UW) down 1.3% on the week and Utilities (OW) down 4.0% on the month (chart).
Here's more on Software, Energy, and Consumer Discretionary:
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