30/7/2024 Sector Performance Recap

Financial and Energy sectors took the biggest gains with $Energy Select Sector SPDR Fund(XLE.US)$ gaining an impressive 1.55% and $Financial Select Sector SPDR Fund(XLF.US)$ following slightly behind at 1.15%.

On the downside, technology $The Technology Select Sector SPDR® Fund(XLK.US)$ took the largest hit with a whopping -2.51% downside and Consumer staples $Consumer Staples Select Sector SPDR Fund(XLP.US)$ at a much merciful -0.67%

Tech stocks dropped after $NVIDIA(NVDA.US)$ prices took a hit, but shortly recovered after $Advanced Micro Devices(AMD.US)$ released earnings beat and raised guidance, practically single-handedly saving the tech sector in after market.