ValuEngine Weekly Market Summary And Commentary

Markets remained mixed last week, with sector leadership continuing to rotate beneath a relatively stable broader market. The S&P 500 edged up 0.16%, while the Nasdaq 100 and small caps declined 1.07% and 1.33%, respectively. Energy was the clear standout, surging 5.78%, followed by gains in Communication Services, Consumer Staples, Real Estate and Utilities, while Industrials and Materials posted the steepest declines. On the other end of the spectrum of Select Sector SPDRs, communications led the entire group of 11 sectors with a 4.2% gain.

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