Materials ( XLB ) led the sector list for the week, getting a massive boost on Tuesday and Wednesday after the Infrastructure bill passed the Senate. Industrials ( XLI ) also got a boost from the bill.
Financials ( XLF ) contented for the top spot, gaining from rising Treasury yields that positively impact performance for the sector. However, yields dropped on Friday, and the sector dropped back to third place.
The defensive sectors of Consumer Staples ( XLP ) and Utilities ( XLU ) also ended the week near the top of the list, signaling caution throughout the week as investors worry about rising cases of COVID in the US and around the world.
Energy ( XLE ) had a few good days but ended the week in the last place.
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