On Monday, seven out of the 11 GICS sectors experienced gains, primarily led by the information technology sector, which rose by 3.39%. Following this, communication services and consumer discretionary sectors also performed well, increasing by 2.42% and 1.91%, respectively.
In contrast, energy stocks fell by 3.58%, influenced by the potential for a peace deal between the U.S. and Iran, which could impact oil prices and supply dynamics. Additionally, real estate, healthcare, and consumer staples sectors saw declines of 0.90%, 0.70%, and 0.53%, respectively.
This sector performance highlights the ongoing volatility in the market, driven by both economic factors and geopolitical events