The S&P 500 (SPX) notched another record high on Friday as tech stocks led the charge.
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Trade QQQ with leverageLet’s break down the sectors behind the performance.
Today’s Top-Performing Sector
Information technology was the top-performing sector as strong earnings from Atlassian (TEAM) helped drive a rally in software stocks. In addition, strength across semiconductor and data infrastructure companies supported broader gains in the sector as risk-on sentiment returned to the market.
Several information technology stocks led the sector’s gains, including:
Today’s Worst-Performing Sector
Meanwhile, the energy sector faced the largest drawdown as Brent crude oil (BZ) stumbled lower. The drop in oil prices weighed on the sector, as lower crude prices tend to reduce revenue expectations and margins for energy companies.
Notable energy stocks trading lower include:

