Materials and Financials stocks lead US stock market rally – US Weekly Sector Wrap

US stocks rose 0.7% this week, fueled by a 4.1% increase in materials inventories and a 2.4% increase in financials. Materials inventories are currently up 20.5% year-to-date and 37.9% in the past 12 months. Financial stocks are currently up 28.1% year-to-date and 45.0% in the past 12 months. Meanwhile, the S&P 500 Index is currently up 19.7% year-to-date and 33.3% in the past 12 months. The Dow Jones Industrial Average is currently up 17.2% year-to-date and 29.1% in the past 12 months.

Sector performance

  • The S&P 500 Index rose 0.7%.
  • Materials stocks rose the most with a gain of 4.1%.
  • Real estate stocks fell the most, falling 0.8%.
  • Other sectors that advanced included finance, energy and industrials, which grew an average of 2.0%.
  • Other sectors that fell include technology, healthcare and consumer discretionary, which fell an average of -0.3%.

Relative sector performance

  • Relative to the S&P 500 Index, stocks in the materials sector outperformed the most by + 3.4%. Financial sector equities were the second best performer with a relative outperformance of + 1.7%.
  • Other sectors that outperformed the S&P 500 were energy, industrials and consumer staples by + 0.9% on average.
  • Relative to the S&P 500 Index, real estate stocks were the most underperforming by -1.5%. Technology stocks were the next worst performer with a relative underperformance of -1.3%.
  • Other sectors that underperformed the S&P 500 include healthcare, consumer discretionary and telecommunications by an average of -0.6%.

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