The S&P 500 (SPX) finished the week on a sour note after the Trump-Xi summit ended with no major deals or announcements.
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Trade QQQ with leverageLet’s break down the sectors behind the performance.
Today’s Top-Performing Sector
Energy was the top-performing sector on Friday as Brent crude oil futures (BZ) climbed 3%. With the Strait of Hormuz virtually closed, oil remains in a global supply shock. Elevated oil prices benefit energy companies because they can generate more revenue and profit from each barrel produced.
Several energy stocks led the energy sector’s gains, including:
Today’s Worst-Performing Sector
Meanwhile, the materials sector faced the largest drawdown as gold (XAUUSD) and silver (XAGUSD) prices continued to tumble, placing pressure on mining stocks. In addition, a stronger dollar made commodities less attractive for overseas buyers, contributing to further weakness across the sector.
Notable materials stocks trading lower include:

