QQQ - Stocks Continue Charge Led By Tech

Stocks had a strong week of gains as investors rediscovered some interest in growth assets. At the time of this writing (3pm EDT on Friday), tech stocks are leading the way with the Nasdaq (COMP.IND) up 2.1% for the week. The S&P 500 (SP500) is up 1.8% while Dow Industrials have gained 1.5%. Winners & Losers Energy stocks rallied as the Energy Select Sector SPDR ETF (XLE) gained about 4%. Individual winners included Apache (APA), which shot up about 15% this week, EnPhaseEnergy (ENPH), which added 11%, and Baker Hughes (BKR), up 8%. Materials also performed well with the Materials Select Sector SPDR ETF (XLB) adding 2.8%. Freeport McMoRan (FCX) is up 8% as prices for base metals continued their rise. London copper (HG1:COM) has rallied almost 8% this week, its biggest gain since 2016. Shares of Alcoa (AA) surged after the company reported record revenue on higher aluminium prices.

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Stocks Continue Charge Led By Tech