5 Top-Performing ETF Areas of Last Week

U.S. stocks just recorded a largely losing week as investors moved away from technology and artificial intelligence (AI)-related stocks amid rising oil prices and concerns over inflation. The S&P 500 dropped about 2% last week, the Nasdaq Composite plunged 4.5%. The Nasdaq logged its worst weekly performance since June, per CNBC. The Russell 2000 slumped 3.1% last week. However, the Dow Jones Industrial Average inched up about 0.7%. Meanwhile, the Cboe Volatility Index (VIX) climbed above 22 for the first time in four months, signaling heightened market anxiety. Semiconductor Stocks Lead Weekly Declines Chip stocks suffered massive losses, with the VanEck Semiconductor ETF SMH falling about 10% last week.