U.S. stocks finished marginally higher on Friday to set another round of record closes.
 | FRI, FEB 12, 2021 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 135.37 | +0.24 | +0.18% | | DIS | 187.67 | -3.24 | -1.70% | | INTC | 61.81 | +1.15 | +1.90% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | AAPL | 135.37 | +0.24 | +0.18% | | GE | 11.73 | +0.27 | +2.36% | | F | 11.45 | UNCH | UNCH | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 135.37 | +0.24 | +0.18% | | AMD | 93.77 | +1.11 | +1.20% | | INTC | 61.81 | +1.15 | +1.90% | |
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The February rally for the stock market seemed to lose a bit of steam this week, with the three major averages mostly treading water at record highs. Energy stocks, however, weathered some choppy trading to finish sharply higher for the week. Two of the most popular exchanged traded funds in the space – The SPDR S&P Oil & Gas Exploration & Production ETF and the Energy Select Sector SPDR Fund – finished the week with gains of 8% and just under 5%, respectively.
Both funds also had five-straight positive days to start February, bringing their month-to-date gains to 17.6% and 13.6% respectively. With energy stocks slowly shrinking in market cap for much of the past decade, and then falling dramatically in influence during 2020, the industry simply doesn't have much impact on the cap-weighted S&P 500 at the present moment. So these big gains for a major sector of the U.S. economy weren't enough to lift the broader market much. The S&P 500 finished up 1.2% for the week. |
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