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Chart of the Day

Tech Rebounds While Communication Services Lags Behind

Sector Funds, Daily Change %, Oct 26

  1. Technology+1.69XLK
  2. Industrials+1.42XLI
  3. Consumer Discretionary+1.03XLY
  4. Real Estate+0.54XLRE
  5. Energy+0.45XLE
  6. Financials+0.21XLF
  7. Materials+0.14XLB
  8. Health Care0.00XLV
  9. Utilities-0.02XLU
  10. Consumer Staples-0.34XLP
  11. Communication Services-1.57XLC

What It Shows

Seven of 11 sectors closed higher to start the week, with the technology fund leading at 1.69% while communication services fell 1.57%. Hardware and chip-design names drove the tech bid: Lumentum rose 8.19%, Arm 6.19% and Coherent 5.83%. The Nasdaq 100 gained 1.11%, and across the large-cap universe 291 stocks advanced against 215 decliners. Pressure in communication services came from telecom and cable: Verizon, which reported before the open, slid 3.49% and Charter dropped 5.92%. The communication services fund is now down 5.67% over five sessions; this week's earnings from the sector's biggest names will show whether the split holds.

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 26 CloseDay's Poster

Indices

  1. Nasdaq 100QQQ+ 1.11%
  2. S&P 500SPY+ 0.71%
  3. Dow JonesDIA+ 0.31%
  4. Russell 2000IWM+ 0.45%

Top Movers

Biggest Gainers

  1. LITELumentum Holdings Inc+ 8.19%
  2. ARMArm Holdings PLC+ 6.19%
  3. SNPSSynopsys, Inc.+ 5.62%

Biggest Losers

  1. MELIMercadoLibre Inc− 7.81%
  2. DASHDoorDash Inc− 6.10%
  3. MSTRStrategy Inc− 4.24%

Calendar

There were no economic releases that day.

100 Companies Reported

  • +95

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 02:17 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.