drewby4321

Sector Winners and Losers week ending 7/30

SP:SPX   S&P 500 Index
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.
Website: https://www.drewby.com

Twitter: https://www.twitter.com/drewrobbins

All ideas are for information purposes only. I may or may not invest in the stocks discussed. Before investing in any stock, do your research and trade using your rules.