Stocks Slide Monday as QQQ Drops 1.07%; QCOM Falls 7.17%
All four major index ETFs fell on September 28, led by a 1.07% drop in QQQ, as eight of eleven sectors declined and QCOM lost 7.17%.
U.S. stocks started the week lower on Monday, September 28, 2026, with all four major index ETFs closing down. The Nasdaq-100 fund QQQ fell 1.07% to 736.53, the largest decline of the group. SPY, which tracks the S&P 500, lost 0.74% to 765.61, the small-cap IWM fell 0.69% to 280.02 and the Dow-tracking DIA declined 0.67% to 514.02.
Losses were broad. Eight of the eleven sector ETFs finished lower, led by Communication Services (XLC), down 1.58% at 111.18, and Consumer Discretionary (XLY), down 1.41% at 109.00. Financials (XLF) fell 1.19%, Industrials (XLI) lost 0.97% and Technology (XLK) declined 0.89% to 194.53. The three gainers were Health Care (XLV) rose 0.33% to 171.26, Consumer Staples (XLP) added 0.27% and Energy (XLE) edged up 0.10% to 62.10.
Among the 62 large-cap stocks tracked, QCOM posted the steepest decline, falling 7.17% to 187.48. META dropped 4.80% to 715.62, TSLA lost 3.94% to 357.45, AMD fell 3.61% to 607.87 and ORCL declined 3.28% to 132.60. On the upside, ISRG rose 2.37% to 414.79, PG gained 1.92%, PM added 1.72%, NVDA rose 1.68% to 228.86 and XOM advanced 1.20% to 162.52.
Headlines during the session linked the decline to the bond market and to technology shares. A WSJ headline read "U.S. Stocks Slide as Treasury Selloff Deepens," while a Fox Business segment was titled "SOFTWARE STUMBLE: AI disruption fears hit stocks." Barron's closing column ran under the headline "Review & Preview: Rainy Days and Mondays."
The VIX volatility index stood at 16.07 for the day, according to FRED data.
Data
| Instrument | Close | Change |
|---|---|---|
| SPY | 765.61 | -0.74% |
| QQQ | 736.53 | -1.07% |
| DIA | 514.02 | -0.67% |
| IWM | 280.02 | -0.69% |
| XLV | 171.26 | +0.33% |
| XLC | 111.18 | -1.58% |
Data: FMP, FRED. Figures are close-to-close unless stated.
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Neutral market summary for information only; not investment advice.
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