Information Technology (MW) led the S&P 500 sectors last week, up 7.2%. Investors bought back the tech stocks they sold in July. Tech remains below its June peak (chart).
Software stocks were especially strong last week (chart).
The Financials, Health Care, and Industrials sectors all rose to record highs last week. We have been rating all three overweight (table above). Materials (OW) had a good week too. Energy (OW), Real Estate (UW), and Utilities (OW) were down last week.
Let's have a closer look at Health Care, Materials, and Utilities:
