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.
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|