The S&P 500 (SPX) ended Friday in positive territory and secured eight consecutive weeks of higher closes, marking the longest rally since 2023.
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Let’s break down the sectors behind the performance.
Today’s Top-Performing Sector
Healthcare was the top-performing sector on Friday as investors continued to shift capital into areas of the market less affected by rising yields. Merck (MRK) led the sector higher after its partner, Kelun-Biotech, reported positive late-stage trial results for its cancer drug. Cencora (COR) was also a top performer after announcing a $2 billion share buyback program and raising its fiscal 2026 earnings guidance.
Several healthcare stocks led the sector’s gains, including:
Today’s Worst-Performing Sector
Meanwhile, the communication services sector faced the largest drawdown, with Take-Two Interactive (TTWO) leading to the downside after reporting lower-than-expected fiscal 2027 revenue guidance. Furthermore, EchoStar (SATS) continued to face pressure ahead of the initial public offering (IPO) of competitor SpaceX, while Magnificent 7 member Alphabet (GOOGL) closed lower as well.
Notable communication services stocks trading lower include: