This week, the S&P 500 dropped about 2%, marking its fifth consecutive week of decline, while the energy sector rose approximately 6% in total. The Dow Jones fell about 1% and the Nasdaq declined around 3.2%.

The S&P 500 Index closed down approximately 1.6%, with the consumer discretionary sector dropping 3.1%, and the financials, telecommunications, and technology sectors each falling as much as 2.7%. The energy sector rose 1.6%. The Nasdaq 100 Index preliminarily closed down 1.8%. Among its constituents, Datadog fell about 8%, Arm Holdings declined 7.2%, and Airbnb, Palo Alto Networks, Zscaler, CrowdStrike, and Synopsys each dropped as much as 6.2%. Western Digital rose 1%, Pepsi and nuclear energy stock CEG gained 2.1%. Amazon closed down about 4%, leading the losses among Dow Jones components. UnitedHealth, Salesforce, Visa, JPMorgan, Cisco, Disney, and Microsoft all dropped as much as 3.6%, while Coca-Cola gained 1.1% and Chevron rose 1.6%.