All sectors declined this week as the S&P 500 pulled back from all-time highs. Consumer Discretionary ( XLY ) was poised to end the week with gains before losing those gains in Friday afternoon selling.
Real Estate ( XLRE ) was the worst-performing sector of the week after outperforming the market in the previous week. The sector erased all of last week’s 4% gain as investors reversed the trade that is supposed to protect against inflation and benefit from low interest rates.
Utilities ( XLU ) took the top position on Wednesday but gave the lead back to Consumer Discretionary on Thursday.
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