Energy (XLE) led for a second week in a row as crude oil prices continue to rise and optimism for economic recovery to bring demand back to oil and gas as transportation, travel and leisure sectors bounce back.
Technology (XLK) and Health (XLV) led for Thursday as Energy pulled back for a day. However, Energy bounced back up to the week's highs on Friday.
Consumer Staples (XLP) and Consumer Discretionary (XLY) both lost for the week. Core CPI numbers showed lower than expected inflation and weighed down on the two sectors.
Utilities (XLU) was the bottom sector for the week. There was not much interest in this defensive play for equities this week.