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Market Breakdown and S&P 500’s Weekly Sector Performance

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Market Breakdown

After a midweek scare that saw the S&P 500 slump 2%, the market recollected on Friday on quelling inflation jitters. It opened at $416.61 and traded to a high of $418.72, finishing the week at -0.02% as it ended the week at $414.97.

Come Monday market opening, and the S&P 500 opened at $414.73. This means that it is still flirting with the weekly support at $414.48. Despite Wall Street maintaining that the market is bullish, Yahoo finance analysts worry that if the market doesn’t take a pause, the S&P 500 is in for a bubble burst.

In recent weeks, the S&P 500 has tended to make weekly lows and then rallying off to finish the week strongly. The expectation is for the same to happen this week.

SPDR S&P 500 Trust ETF thus closed the week at 11.33% YTD. Below is a breakdown of its underlying sectors and their performance over the week-May 17th to May 21st, and their corresponding sector ETF performances.

Market Breakdown S&P 500

Here is a chart of the ten sectors’ year-to-date performance and how they have fared against the S&P 500.

S&P 500 industry sector weekly performance breakdown

1. Healthcare XLV +1.68%  with the accompanying health care select sector ETF
2. Real Estate XLRE +1.21%  with the accompanying real estate select sector ETF
3. Information Technology XLK +0.69%  with the accompanying information technology select sector ETF
4. Consumer Staples XLP +0.28%  with the accompanying consumer staples select sector ETF
5. Utilities XLU +0.11%  with the accompanying utilities  select sector ETF
6. Communication Services XLC -0.05%  with the accompanying communication services select sector ETF
7. Financial Services XLF -0.51%  with the accompanying financial services select sector ETF
8. Materials XLB 0.76%  with the accompanying materials select sector ETF
9. Consumer Discretionary XLY -0.81%  with the accompanying consumer discretionary select sector ETF
10. Industrial XLI -1.19%  with the accompanying industrial select sector ETF

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