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Chart of the Day

Energy Breaks Away as Oil Jumps and Most Sectors Slide

Sector Funds, Daily Change %, Oct 23

  1. Energy+2.60XLE
  2. Technology+0.49XLK
  3. Real Estate+0.12XLRE
  4. Utilities-0.72XLU
  5. Materials-0.74XLB
  6. Health Care-1.11XLV
  7. Industrials-1.27XLI
  8. Financials-1.32XLF
  9. Consumer Discretionary-1.66XLY
  10. Communication Services-1.78XLC
  11. Consumer Staples-1.92XLP

What It Shows

On Oct 23, 8 of 11 sector funds closed lower, and Energy was the clear outlier, rising 2.60%. The crude oil fund gained 4.32%, while SLB jumped 7.08% after earnings that beat estimates; Halliburton and Devon were also among the day's top gainers. Defensive Consumer Staples took the hardest hit at -1.92%, with Communication Services down 1.78% and Consumer Discretionary down 1.66%. Technology held up with a 0.49% gain, which kept the Nasdaq 100 roughly flat even as the Dow fell 1.24%. Only 26.5% of stocks across the major-index universe advanced. Whether oil can hold this jump in the coming sessions will show if Energy's breakaway has staying power.

Percentages are close-to-close, from daily trade bars (Alpaca SIP); every figure in the text appears in that day's data.

Not Investment Advice.

The Market That Day

Oct 23 CloseDay's Poster

Indices

  1. Nasdaq 100QQQ− 0.01%
  2. S&P 500SPY− 0.52%
  3. Dow JonesDIA− 1.24%
  4. Russell 2000IWM− 0.33%

Top Movers

Biggest Gainers

  1. CRWDCrowdStrike Holdings, Inc.+ 8.25%
  2. PANWPalo Alto Networks Inc+ 7.22%
  3. DDOGDatadog Inc (Pre-Reincorporation)+ 4.62%

Biggest Losers

  1. TMUST-Mobile US Inc− 7.71%
  2. ODFLOld Dominion Freight Line, Inc.− 3.79%
  3. DASHDoorDash Inc− 3.53%

Calendar

There were no economic releases that day.

28 Companies Reported

  • +23

Indices, breadth and top movers come from the same source as the Day's Poster: closing bars for that day and the previous session. Indices are shown through the funds that track them (QQQ, SPY, DIA, IWM); breadth and top movers use today's Nasdaq 100 member list.

Alpaca · SIPUpdated October 25 08:36 NY

To Understand This

What Is an Index?Where the number called the S&P 500 comes from — and why it behaves differently from the Dow.What Is Sector Rotation?Money changing sectors without leaving the market — and how that tracks the economic cycle.