Energy Stocks Sink 11% in a Week as Crude Falls and Brent Slips Below $100

The energy sector was the week's worst performer, with the Energy Select Sector SPDR (XLE) falling about 11% for Nov. 2-6 as oil prices retreated. Brent crude slipped below $100 a barrel, and U.S. crude traded near $90.83 on Friday.

Technology fared little better, with the sector down roughly 7% on the week amid the AI-related sell-off. Gold ended Friday at about $4,075 an ounce, down 0.9%, and bitcoin held near $75,700.

Investors are now watching inflation data and the Federal Reserve's next move, as a firm jobs market keeps a December rate increase on the table and keeps pressure on commodity-linked shares.