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Constructive
S&P 500 rises 0.70%
7 of 11 sectors advanced. Technology ranked first; Comm. Services ranked last.
- Participation
- Russell 2000 +0.38%; 0.32 pp behind the S&P 500. Equal-weight RSP +0.35% vs SPY +0.71%.
- Large caps
- 6 of 9 tracked stocks rose. TSLA +5.21%; META -1.88%.
- Rates & commodities
- 10-year yield 4.99% (+0 bps). Dollar +0.20%; gold +0.48%.
1D
- Open
- 7,639.70
- High
- 7,702.13
- Low
- 7,639.70
- Prev. close
- 7,623.68
S&P 5007,676.77+0.70%Nasdaq26,169.38+0.82%Russell 20002,786.42+0.38%VIX18.39-5.45%10Y yield4.99%+0 bpsDollar (DXY)102.01+0.20%WTI crude$101.42-1.79%Bitcoin$79,784-0.30%
Session read
Claude interpretation · Oct 26 closeThe reading
Gains were concentrated in technology and industrials while equal weight trailed the cap-weighted index, which suggests the advance leaned on larger names rather than an even broad lift.
The counterpoint
Over the past week and month equal weight still outpaced the cap-weighted fund, so today's narrower leadership may be a short-term reversal of a broader trend.
What would change it
If technology leadership fades and equal weight starts to keep pace with the cap-weighted index, the narrow-leadership reading would weaken.
Supporting evidence · 6 observations
Technology (XLK) led at +1.69%; Comm. Services (XLC) trailed at -1.57%. The sector return spread was 3.26 percentage points.
2026-10-26 · Report dataEqual-weight S&P 500 (RSP) +0.35% versus SPY +0.71%; RSP lagged by 0.36 percentage points.
2026-10-26 · Report data6 of 11 tracked sector ETFs above 50d.
2026-10-26 · Report dataRSP minus SPY over 5d: +1.96 percentage points of total return.
2026-10-26 · Report dataRSP minus SPY over 1m: +3.69 percentage points of total return.
2026-10-26 · Report dataXLK minus SPY: 1d +0.98 pp, 5d +0.33 pp, 1m -4.30 pp.
2026-10-26 · Report data
Sectors
| Sector / ETF | Return relative to zero | 1D |
|---|---|---|
| TechnologyXLK | +1.69% | |
| IndustrialsXLI | +1.42% | |
| Consumer DiscretionaryXLY | +1.03% | |
| Real EstateXLRE | +0.54% | |
| EnergyXLE | +0.45% | |
| FinancialsXLF | +0.21% | |
| MaterialsXLB | +0.14% | |
| HealthcareXLV | +0.00% | |
| UtilitiesXLU | -0.02% | |
| Consumer StaplesXLP | -0.34% | |
| Communication ServicesXLC | -1.57% |
Large caps
| Close | ||
|---|---|---|
| TSLATesla | $391.62 | +5.21% |
| MUMicron Technology | $903.70 | +2.98% |
| NVDANvidia | $216.00 | +2.39% |
| AVGOBroadcom | $329.17 | +2.33% |
| MSFTMicrosoft | $532.60 | +1.54% |
| AMZNAmazon | $249.09 | +0.44% |
| GOOGLAlphabet | $316.80 | -1.06% |
| AAPLApple | $343.91 | -1.10% |
| METAMeta Platforms | $630.56 | -1.88% |
Next session
Market data
Regime historyConstructive
LAST 60 SESSIONS16 constructive26 mixed18 defensive
ConstructiveMon, Oct 26, 2026S&P 500 +0.70% · VIX -5.45% · 7/11 sectors upPublished in that day's issue
Solid cells were published in an archived issue (27); 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 +9.1 pp vs average · S&P 5-session -0.18%
- Breadth vs prior average
- +9.1 pp
- VIX rank in sample
- 81%
- Regime streak
- 1
- Top-sector streak
- Technology · 1
- S&P 5-session
- -0.18%
Rates & credit10Y 4.99% · +0 bps
TREASURY YIELDSSESSION CLOSE (CBOE INDEX) · OFFICIAL PAR CURVE (U.S. TREASURY)
| Tenor | Session close | 1D | Official par | d/d |
|---|---|---|---|---|
| 3M | 4.030% | +0 bps | 4.22% | +0 bps |
| 2Y | No index | — | 4.69% | +4 bps |
| 5Y | 4.820% | +2 bps | 4.82% | +4 bps |
| 10Y | 4.990% | +0 bps | 5.00% | +4 bps |
| 30Y | 5.300% | -2 bps | 5.33% | +4 bps |
Official curve as of Oct 23 (prior session). Treasury publishes it late in the afternoon, so the Close Tape can show the prior session. U.S. Treasury ↗
CURVEBASIS POINTS
CREDITSPREADS ARE ACTUAL OAS · ETF ROWS ARE PRICE PROXIES
REAL YIELDS & RATE VOLATILITYTREASURY REAL PAR CURVE · ICE BOFA MOVE
Breadth & internals64% of sectors positive
3 declined · 63.6% positive
RSP minus SPY. Cap weight led.
Total-return spread. Persistent positives favor broader participation.
Closing highs vs lows across 24 tracked instruments.
8 of 11 sector ETFs above their moving average.
6 of 11 sector ETFs above their moving average.
6 of 11 sector ETFs above their moving average.
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
| Name | 1D | 5D | 1M | Trend |
|---|---|---|---|---|
| EnergyXLE | -0.26 pp | +2.84 pp | +13.01 pp | Mixed |
| UtilitiesXLU | -0.73 pp | +3.02 pp | +8.48 pp | Mixed |
| Cons. StaplesXLP | -1.05 pp | +1.00 pp | +7.96 pp | Mixed |
| HealthcareXLV | -0.71 pp | +2.20 pp | +5.80 pp | Mixed |
| Cons. DiscretionaryXLY | +0.32 pp | -0.03 pp | +4.13 pp | Mixed |
| MaterialsXLB | -0.57 pp | +0.98 pp | +3.93 pp | Mixed |
| Real EstateXLRE | -0.17 pp | +2.83 pp | +3.76 pp | Mixed |
| FinancialsXLF | -0.50 pp | +1.87 pp | +2.90 pp | Mixed |
| IndustrialsXLI | +0.71 pp | +0.30 pp | -1.28 pp | Mixed |
| TechnologyXLK | +0.98 pp | +0.33 pp | -4.30 pp | Mixed |
| Comm. ServicesXLC | -2.28 pp | -5.54 pp | -7.31 pp | Lagging |
| Name | 1D | 5D | 1M | Trend |
|---|---|---|---|---|
| TeslaTSLA | +4.50 pp | +6.53 pp | +6.00 pp | Leading |
| MicrosoftMSFT | +0.83 pp | -0.05 pp | +3.93 pp | Mixed |
| AppleAAPL | -1.81 pp | +0.42 pp | +1.61 pp | Mixed |
| AmazonAMZN | -0.27 pp | -4.96 pp | +0.54 pp | Mixed |
| NvidiaNVDA | +1.68 pp | -0.38 pp | -3.28 pp | Mixed |
| BroadcomAVGO | +1.62 pp | -1.48 pp | -5.91 pp | Mixed |
| AlphabetGOOGL | -1.77 pp | -7.82 pp | -7.12 pp | Lagging |
| Meta PlatformsMETA | -2.59 pp | -10.49 pp | -15.35 pp | Lagging |
| Micron TechnologyMU | +2.27 pp | -0.01 pp | -15.72 pp | Mixed |
Global markets & cryptoNikkei -0.34% · ETH -0.73%
| Market | Last | 1D |
|---|---|---|
| Nikkei 225 · JapanLocal close Oct 23 | 62,693.16 | -0.34% |
| Euro Stoxx 50 · Europe | 6,116.23 | +0.79% |
| FTSE 100 · U.K. | 10,767.33 | +0.72% |
| Hang Seng · Hong KongLocal close Oct 23 | 23,093.37 | +0.69% |
| Bitcoin | $79,784 | -0.30% |
| Ethereum | $2,310 | -0.73% |
| Solana | $100 | -0.96% |
| XRP | $1.2900 | +0.00% |
Data & sourcesVerified · 100% coverage · generated Oct 26, 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.
- Forex Factory Economic CalendarAvailable
- U.S. Treasury upcoming auctionsAvailable
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