S&P 500 Weekly Summary

The $S&P 500 Index(.SPX.US)$ on Friday slipped marginally by 0.10% for the week to close at 4,133.52 points, with the benchmark index ending near the flatline in each of its five sessions. Its accompanying SPDR S&P 500 Trust ETF ( $SPDR S&P 500 ETF(SPY.US)$ ) also fell slightly by 0.07% for the week.

Earnings season was a major focus this week, with companies such as $Johnson & Johnson(JNJ.US)$ , $Bank of America(BAC.US)$ , $Goldman Sachs(GS.US)$ , $AT&T(T.US)$ , $American Express(AXP.US)$ , and $Procter & Gamble(PG.US)$ releasing quarterly reports. The reports of Netflix and $Tesla(TSLA.US)$ were highly anticipated, with $Netflix(NFLX.US)$ 's revenue slightly below expectations but with good profit and user growth, while Tesla emphasized the impact of increased costs and price reductions on profit.

Overall, the earnings announcements so far have not spurred a lot of enthusiasm in traders. Next week the season picks up steam significantly, with heavyweight companies such as Alphabet ( $Alphabet-C(GOOG.US)$ ) ( $Alphabet-A(GOOGL.US)$ ), Microsoft ( $Microsoft(MSFT.US)$ ), Amazon ( $Amazon(AMZN.US)$ ), Meta ( $Meta Platforms(META.US)$ ), Boeing ( $Boeing(BA.US)$ ) and Coca-Cola ( $Coca-Cola(KO.US)$ ) on tap.

1: Consumer Staples +1.68%, and the Consumer Staples Select Sector SPDR ETF ( $Consumer Staples Select Sector SPDR Fund(XLP.US)$ ) +1.85%.
2: Real Estate +1.59%, and the Real Estate Select Sector SPDR ETF ( $Real Estate Select Sector Spdr Fund (The)(XLRE.US)$ ) +1.58%.
3: Utilities +1.09%, and the Utilities Select Sector SPDR ETF ( $Utilities Select Sector SPDR Fund(XLU.US)$ ) +1.06%.
4: Financials +0.98%, and the Financial Select Sector SPDR ETF ( $Financial Select Sector SPDR Fund(XLF.US)$ ) +1.00%.
5: Industrials +0.75%, and the Industrial Select Sector SPDR ETF ( $Industrial Select Sector SPDR Fund(XLI.US)$ ) +0.78%.
6: Consumer Discretionary +0.53%, and the Consumer Discretionary Select Sector SPDR ETF ( $Consumer Discretionary Select Sector SPDR Fund(XLY.US)$ ) +0.32%.
7: Health Care -0.24%, and the Health Care Select Sector SPDR ETF ( $The Health Care Select Sector SPDR® Fund(XLV.US)$ ) -0.20%.
8: Materials -0.31%, and the Materials Select Sector SPDR ETF ( $Materials Select Sector SPDR ETF(XLB.US)$ ) -0.28%.
9: Information Technology -0.46%, and the Technology Select Sector SPDR ETF ( $The Technology Select Sector SPDR® Fund(XLK.US)$ ) -0.60%.
10: Energy -2.54%, and the Energy Select Sector SPDR ETF ( $Energy Select Sector SPDR Fund(XLE.US)$ ) -2.58%.
11: Communication Services -3.05%, and the Communication Services Select Sector SPDR Fund ( $The Communication Services Select Sector SPDR® Fund(XLC.US)$ ) -2.60%.