The S&P 500 (SPX) closed higher on Monday ahead of an action-packed week of earnings that includes most members of the Magnificent 7.
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Trade QQQ with leverageLet’s break down the sectors behind the performance.
Today’s Top-Performing Sector
Communication services was the top-performing sector, driven by broad strength in large-cap names and improving investor sentiment. The sector’s momentum was also supported by optimism over upcoming earnings reports, with Alphabet (GOOG) set to report on Wednesday after the market close.
Several communication services stocks led the sector’s gains, including:
Today’s Worst-Performing Sector
Meanwhile, the consumer staples sector faced the largest drawdown as investors reduced exposure to defensive, low-growth names amid improving risk appetite. Low-cost retailers, including Dollar Tree (DLTR) and Dollar General (DG), were hit particularly hard as investors weighed weaker margins from higher costs.
Notable consumer staples stocks trading lower include:

