Last week: Performance
Technology stocks garnered the headlines as semiconductors dragged the Nasdaq 100 to its fourth consecutive weekly decline. Energy was the worst-performing sector, while 5/11 sectors were outright higher; gold led major asset classes.
Last week: The most important moves
Democrats sweep Congress
The betting markets had it right.
Here’s how the market reacted on Wednesday
Top themes on Wednesday:
Gold and gold miners (GDXJ: +9.6%)
Homebuilders (ITB: +7.2%)
Medical devices (IHI: +6.7%)
Clean energy (TAN: +5.7%)
Retail/consumer discretionary (XRT: +5.5%)
Worst-performing themes on Wednesday
Bitcoin mining and digital power (WGMI: -8.6%)
Energy (XOP: -6.4%, XLE: -4.7%)
Semiconductors (DRAM: -5.3%)
Small-cap infrastructure (AIRR: -4.2%)
