US stocks finished the week higher, but leadership shifted away from technology as rising oil prices pushed energy names to the front.

The Morningstar US Market Index gained 0.9%, while the S&P 500 rose 0.91% and the Nasdaq added 1.12%.

This time, the rally looked different. Energy became the strongest sector as markets reacted to higher crude prices and ongoing Iran-related tensions.

Sector performance showed:

  • Energy: +3.42%
  • Communication Services: +1.8%
  • Basic Materials: -1.98%
  • Technology: +0.23%

Value stocks also outperformed growth:

  • Value: +0.87%
  • Blend: +1.52%
  • Growth: -0.92%

Oil Rally Changes Market Leadership

The biggest move of the week came from commodities. WTI crude climbed 8.2% to $102.62 per barrel, helping energy stocks extend gains.

At the same time:

  • 10-year Treasury yield rose to 4.39%
  • Gold fell 2.1%

Higher oil prices supported the energy trade, while pressure remained on parts of the broader market.

Five9 and Bloom Energy Lead Winners

Some of the strongest stock moves came from companies tied to technology, communications, and energy themes.

Top performers included:

  • Five9 +34.5%
  • Centene +27.6%
  • Twilio +27.5%
  • Nokia +27.1%
  • Bloom Energy +25.8%

Bloom Energy remained one of the most extreme movers, extending gains after a massive run linked to AI power demand and data-center themes.

Roblox and Consumer Names Struggle

Not every growth stock joined the rally. Major laggards included:

  • Roblox -19.5%
  • Teradyne -17.4%
  • Wayfair -16.9%
  • Choice Hotels International -15.4%
  • Wingstop -15.1%

Some of these names now trade below estimated fair value, suggesting investors may begin looking outside the strongest momentum trades.

Markets still moved higher. But underneath the indexes, another trend appeared: Energy led. Growth slowed. And leadership started rotating away from pure technology.

Related: 5 things we learned during S&P 500 earnings madness

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