S&P 500 posts weekly loss while defensive sectors outperform

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Wall Street's major averages aimed to go higher on Friday but closed mixed as oil prices declined. The benchmark S&P 500 ( SP500 ) edged up 0.1%, and the Dow rose 0.5%, while the Nasdaq Composite declined 0.6%.

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The S&P 500 rose 0.1% last week, but major indices on Wall Street closed mixed due to the decline in oil prices. Defensive sectors performed well, while the Nasdaq Composite fell 0.6%. Investors should focus on oil price fluctuations and defensive sector performance.

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