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ARCHIVED DAILY TAPEYou are reading the Friday, October 23, 2026 close.
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U.S. market closeVerified
Defensive

S&P 500 falls 0.52%

3 of 11 sectors advanced. Energy ranked first; Cons. Staples ranked last.

Participation
Russell 2000 -0.29%; 0.23 pp ahead of the S&P 500. Equal-weight RSP -0.77% vs SPY -0.52%.
Large caps
2 of 9 tracked stocks rose. MU +2.46%; GOOGL -1.24%.
Rates & commodities
10-year yield 4.99% (+4 bps). Dollar +0.21%; gold -1.26%.
1D
S&P 500 close
Full chart ↗
5-minute bars · 2026-10-23
Open
7,637.18
High
7,660.15
Low
7,612.07
Prev. close
7,663.43

Session read

Data rules · Oct 23 close

The reading

Cap-weight outperformance points to stronger performance among larger index weights.

The counterpoint

Sector ETFs and selected large caps are limited samples; they do not establish exchange-wide breadth.

What would change it

A reversal in relative performance between equal and cap weight would weaken this participation reading.

Supporting evidence · 3 observations

  • Equal-weight S&P 500 (RSP) -0.77% versus SPY -0.52%; RSP lagged by 0.25 percentage points.

    2026-10-23 · Report data

  • 3 of 11 sector ETFs rose; 8 fell.

    2026-10-23 · Report data

  • Among tracked large caps, MU led at +2.46%; GOOGL trailed at -1.24%. 2 of 9 tracked large caps advanced.

    2026-10-23 · Report data

Sectors

Sector ETF returns over 1 session, ranked highest to lowest
Sector / ETFReturn relative to zero1D
EnergyXLE+2.60%
TechnologyXLK+0.49%
Real EstateXLRE+0.12%
UtilitiesXLU-0.72%
MaterialsXLB-0.74%
HealthcareXLV-1.11%
IndustrialsXLI-1.27%
FinancialsXLF-1.32%
Consumer DiscretionaryXLY-1.66%
Communication ServicesXLC-1.78%
Consumer StaplesXLP-1.92%

Large caps

Large-cap closing prices and returns over 1 session
Close
MUMicron Technology$877.55+2.46%
MSFTMicrosoft$524.51+0.66%
AAPLApple$347.73-0.14%
AVGOBroadcom$321.68-0.48%
NVDANvidia$210.96-0.59%
TSLATesla$372.22-0.63%
AMZNAmazon$248.00-0.95%
METAMeta Platforms$642.62-0.96%
GOOGLAlphabet$320.21-1.24%

Next session

Next session · Monday, Oct 26

  1. Time unavailable
    13-Week Bill auction (reopening)

    Treasury auctionCUSIP 912797VU8

    Source
  2. Time unavailable
    2-Year Note auction

    Treasury auctionCUSIP 91282CRU7

    Source
  3. Time unavailable
    26-Week Bill auction

    Treasury auctionCUSIP 912797WW3

    Source
Previous session · 4 events

Report session · Friday, Oct 23

  1. Flash Manufacturing PMI

    Business surveysImportance: Medium

    Actual
    —
    Consensus
    55.4
    Previous
    57.0
    Source
  2. Flash Services PMI

    Business surveysImportance: Medium

    Actual
    —
    Consensus
    57.9
    Previous
    58.7
    Source
  3. Revised UoM Consumer Sentiment

    ConsumerImportance: Medium

    Actual
    —
    Consensus
    46.3
    Previous
    46.3
    Source
  4. Revised UoM Inflation Expectations

    InflationImportance: Medium

    Actual
    —
    Consensus
    —
    Previous
    4.7%
    Source

Headlines

No verified headlines for this session.

    Closing levels

    S&P 500
    7,623.68
    VIX
    19.45
    10Y yield
    4.99%
    Sectors advancing
    3 / 11

    Market data

    Regime historyDefensive
    LAST 60 SESSIONS15 constructive27 mixed18 defensive
    DefensiveFri, Oct 23, 2026S&P 500 -0.52% · VIX +2.21% · 3/11 sectors upPublished in that day's issue

    Solid cells were published in an archived issue (26); outlined cells are reconstructed from daily closes with the same rule, using only that day's moves. Constructive: S&P 500 up, VIX down, all 11 sector ETFs reporting and at least 60% advancing. Defensive: S&P 500 down, VIX up, all 11 reporting and at most 40% advancing. Otherwise mixed.

    Versus prior sessionsBreadth -29.5 pp vs average · S&P 5-session -0.47%
    Breadth vs prior average
    -29.5 pp
    VIX rank in sample
    95%
    Regime streak
    1
    Top-sector streak
    Energy · 1
    S&P 5-session
    -0.47%
    Rates & credit10Y 4.99% · +4 bps
    TREASURY YIELDSSESSION CLOSE (CBOE INDEX) · OFFICIAL PAR CURVE (U.S. TREASURY)
    TenorSession close1DOfficial pard/d
    3M4.030%+1 bps4.22%-3 bps
    2YNo index—4.65%-16 bps
    5Y4.800%+3 bps4.78%-17 bps
    10Y4.990%+4 bps4.96%-17 bps
    30Y5.320%+3 bps5.29%-13 bps

    Official curve as of Oct 22 (prior session). Treasury publishes it late in the afternoon, so the Close Tape can show the prior session. U.S. Treasury ↗

    CURVEBASIS POINTS
    2s10s+31 bps-1 bps d/d2Y → 10Y · official curve as of Oct 22 (prior session)
    3M–10Y+74 bps-14 bps d/d3M → 10Y · official curve as of Oct 22 (prior session)
    5s30s+51 bps+4 bps d/d5Y → 30Y · official curve as of Oct 22 (prior session)
    5s10s+19.0 bpsSession close5Y → 10Y · Cboe yield indexes
    CREDITSPREADS ARE ACTUAL OAS · ETF ROWS ARE PRICE PROXIES
    HYG ETF proxy$77.05-0.06% priceHigh-yield corporate bond ETF. A price, not a spread.LQD ETF proxy$103.85-0.41% priceInvestment-grade corporate bond ETF. A price, not a spread.
    REAL YIELDS & RATE VOLATILITYTREASURY REAL PAR CURVE · ICE BOFA MOVE
    5Y REAL YIELD2.33%-22 bps d/dTreasury real par curve as of Oct 22 (prior session)
    10Y REAL YIELD2.64%-12 bps d/dTreasury real par curve as of Oct 22 (prior session)
    TIP ETF proxy$106.24-0.08% priceTIPS bond ETF price, not a real yield.MOVE INDEX103.31-3.30%Treasury implied volatility · Yahoo Finance
    Breadth & internals27% of sectors positive
    SECTORS ADVANCING3 / 11

    8 declined · 27.3% positive

    EQUAL VS CAP WEIGHT · 1D-0.25 pp

    RSP minus SPY. Cap weight led.

    EQUAL VS CAP · 5D / 1M+1.6 pp / +3.9 pp

    Total-return spread. Persistent positives favor broader participation.

    20-SESSION HIGHS / LOWS2 / 8

    Closing highs vs lows across 24 tracked instruments.

    SECTORS ABOVE 20-DAY73%

    8 of 11 sector ETFs above their moving average.

    SECTORS ABOVE 50-DAY46%

    5 of 11 sector ETFs above their moving average.

    SECTORS ABOVE 200-DAY55%

    6 of 11 sector ETFs above their moving average.

    SECTOR ADVANCE / DECLINE · 20 SESSIONS+20Cumulative net advancing sector ETFs. Daily total return including dividends.
    Sep 28: net -5, cumulative -5Sep 29: net -3, cumulative -8Sep 30: net -9, cumulative -17Oct 1: net -1, cumulative -18Oct 2: net +9, cumulative -9Oct 5: net +9, cumulative +0Oct 6: net +9, cumulative +9Oct 7: net -9, cumulative +0Oct 8: net +5, cumulative +5Oct 9: net +7, cumulative +12Oct 12: net +5, cumulative +17Oct 13: net -1, cumulative +16Oct 14: net -5, cumulative +11Oct 15: net +5, cumulative +16Oct 16: net +1, cumulative +17Oct 19: net -5, cumulative +12Oct 20: net +9, cumulative +21Oct 21: net +3, cumulative +24Oct 22: net +1, cumulative +25Oct 23: net -5, cumulative +20

    Universes: 11 S&P sector ETFs; SPY and RSP; 20-session highs and lows across sector ETFs, tracked mega-caps, SPY, RSP, QQQ and IWM. Not covered by current data sources: NYSE and Nasdaq advance/decline counts; Exchange-wide new highs and new lows; Share of index constituents above moving averages. These are left out rather than approximated.

    Relative strength vs SPY1D · 5D · 1M
    RELATIVE STRENGTH VS SPYPERCENTAGE POINTS OF TOTAL RETURN · LEADING = AHEAD OF SPY IN ALL THREE WINDOWS
    Sector ETFs
    Name1D5D1MTrend
    EnergyXLE+3.12 pp+2.01 pp+11.68 ppLeading
    UtilitiesXLU-0.20 pp+1.26 pp+9.08 ppMixed
    Cons. StaplesXLP-1.40 pp+1.16 pp+8.97 ppMixed
    HealthcareXLV-0.59 pp+1.88 pp+6.48 ppMixed
    MaterialsXLB-0.22 pp+1.19 pp+4.20 ppMixed
    Cons. DiscretionaryXLY-1.14 pp+1.00 pp+3.47 ppMixed
    FinancialsXLF-0.80 pp+1.11 pp+3.43 ppMixed
    Real EstateXLRE+0.64 pp+1.39 pp+3.15 ppLeading
    IndustrialsXLI-0.75 pp-1.45 pp-1.57 ppLagging
    TechnologyXLK+1.01 pp+0.29 pp-4.97 ppMixed
    Comm. ServicesXLC-1.26 pp-3.94 pp-6.52 ppLagging
    Tracked large caps
    Name1D5D1MTrend
    MicrosoftMSFT+1.18 pp-0.45 pp+6.25 ppMixed
    AppleAAPL+0.38 pp+1.67 pp+4.46 ppLeading
    AmazonAMZN-0.43 pp-0.38 pp+0.39 ppMixed
    TeslaTSLA-0.11 pp+5.35 pp-0.59 ppMixed
    NvidiaNVDA-0.07 pp-1.07 pp-5.14 ppLagging
    AlphabetGOOGL-0.72 pp-5.57 pp-5.54 ppLagging
    BroadcomAVGO+0.04 pp-1.72 pp-7.23 ppMixed
    Meta PlatformsMETA-0.44 pp-8.99 pp-16.42 ppLagging
    Micron TechnologyMU+2.98 pp+0.27 pp-17.84 ppMixed
    Global markets & cryptoNikkei -2.65% · ETH +0.42%
    MarketLast1D
    Nikkei 225 · JapanLocal close Oct 2262,907.84-2.65%
    Euro Stoxx 50 · Europe6,068.22-0.31%
    FTSE 100 · U.K.10,690.36-0.32%
    Hang Seng · Hong KongLocal close Oct 2222,934.68-3.03%
    Bitcoin$81,329+0.02%
    Ethereum$2,396+0.42%
    Solana$104+0.00%
    XRP$1.3000-0.76%
    Data & sourcesVerified · 100% coverage · generated Oct 23, 2026, 3:35 PM CDT

    Moves compare the latest completed U.S. session with the prior close. Breadth is the share of the 11 sector ETFs that finished higher. Market data from Yahoo Finance via yfinance, with Stooq as a fallback for core indexes.