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Stocks opened last week with a big rally. The S&P 500 rose 1.5% on Monday, and the Nasdaq closed at a record high as oil prices and bond yields fell. The reprieve didn't last. The 10-year Treasury yield climbed to 5.17% by Friday's close, its highest level since 2007. The S&P 500 still finished the week up 1.2%, and six of the 11 sectors rose. Information Technology (MW) led with a 3.1% gain, followed by Communication Services (MW) at 2.2% and Health Care (OW) at 1.7% (chart). Utilities (OW>MW) was the weakest performer at -3.2%, followed by Energy (OW) at -3.0% and Financials (OW) at -1.6%.
Here's more on the S&P 500 Information Technology, Utilities, and Materials sectors:
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