The S&P 500 finished Friday trade with losses for the session and the week, led by weekly declines in energy, down 2.8%, industrials, off by 1.7%, materials, down by 1.4%, and consumer discretionary, off 1.2%.
Equity markets have wavered in the face of concerns about rising inflation and the impact that an overheating economy, recovering from the COVID pandemic, will have on U.S. fiscal and monetary policy.
Here are some of the best and worst performers within the S&P 500
for the week, marked by turbulence and flagging risk appetite, which some have said is reflected in the price decline for bitcoin
Top 5 S&P 500 weekly performers
Ford’s weekly performance come as the vehicle maker debutted its F-150 Lightning, electric pickup, which will be able to travel up to 300 miles per battery charge. Target, meanwhile, reported first-quarter adjusted earnings that reached an all-time high, blowing past Street estimates on both profit and sale.
Lowest 5 S&P 500 weekly performers
On the flip side, the list of worst performers were mostly retailers. Ralph Lauren shares slipped as it announced that it may close more stores in the coming year.
Discovery shares were the worst performer in the S&P 500 after the announcement that AT&T
will combine its massive WarnerMedia media assets, which includes HBO and CNN, with Discovery to create a new media heavyweight in a $43 billion deal.
Meanwhile, the S&P 500, overall, booked a weekly loss of 0.4%, the Dow Jones Industrial Average
posted a five-session skid of 0.5%, while the Nasdaq Composite Index
finished higher, up 0.3%, ending a four-week losing streak.