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Chart of the Day

Most Sectors Rose, but Communication and Tech Dragged the Nasdaq Lower

Sector Funds, Daily Change %, Oct 29

  1. Health Care+2.40XLV
  2. Real Estate+2.21XLRE
  3. Consumer Staples+1.54XLP
  4. Utilities+1.53XLU
  5. Financials+1.44XLF
  6. Materials+1.29XLB
  7. Industrials+0.97XLI
  8. Consumer Discretionary+0.75XLY
  9. Energy+0.38XLE
  10. Technology-1.18XLK
  11. Communication Services-1.87XLC

What It Shows

On Oct 29, 9 of 11 sectors closed higher. Health Care led with a 2.40% gain and Real Estate added 2.21%, while Communication Services fell 1.87% and Technology slipped 1.18%. Earnings lifted health care: Eli Lilly rose 6.63% and Merck 3.83%. At the other end, Alphabet dropped 12.64% and ServiceNow 26.95%, so the megacap-heavy Nasdaq 100 lost 1.42% even as the Russell 2000 gained 0.97%. Across the broad universe, 406 stocks advanced and 103 declined, a healthier day than the indexes suggest, with the damage concentrated in a few giants. Amazon and Intel reported after the close; whether this rotation holds depends on how big tech digests those results.

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 29 CloseDay's Poster

Indices

  1. Nasdaq 100QQQ− 1.42%
  2. S&P 500SPY− 0.38%
  3. Dow JonesDIA− 0.37%
  4. Russell 2000IWM+ 0.97%

Top Movers

Biggest Gainers

  1. NXPINXP Semiconductors NV+ 5.69%
  2. DASHDoordash, Inc.+ 5.61%
  3. KLACKLA Corporation+ 5.45%

Biggest Losers

  1. ALNYAlnylam Pharmaceuticals, Inc.− 25.13%
  2. FTNTFortinet, Inc.− 20.09%
  3. MRVLMarvell Technology, Inc.− 13.24%

Calendar

  • 08:30Core PCE, the Fed's Preferred Gauge
  • 08:30Initial Jobless Claims

330 Companies Reported

  • +325

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 02:20 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.