Large Caps Rise as Utilities Lead Sectors; IWM Slips 0.72%
SPY rose 0.55% to 779.09 on Oct. 6 while small-cap IWM fell 0.72%; Utilities gained 2.98% to lead sectors and CSCO rose 4.54% to top large caps.
Large-cap benchmarks closed higher on Tuesday, Oct. 6, while small caps moved the other way. SPY rose 0.55% to 779.09, a gain of 4.26 points, and QQQ added 0.46% to 759.66. DIA climbed 0.48% to 514.56. The small-cap IWM fell 0.72% to 281.34, a drop of 2.04 points from the Oct. 5 close.
Ten of the 11 sector funds advanced. Utilities (XLU) led with a 2.98% gain to 41.16, followed by Consumer Discretionary (XLY), up 1.18%, and Real Estate (XLRE), up 1.06%. Consumer Staples (XLP) added 0.94% and Industrials (XLI) rose 0.87%. Technology (XLK) gained 0.53%. Health Care (XLV) was the lone decliner, edging down 0.17% to 167.09, while Communication Services (XLC) was little changed, up 0.04%.
Among large caps, CSCO rose 4.54% to 117.94 and AVGO gained 3.67% to 375.81. AMD added 2.80% to 649.42, LOW rose 2.32% and WMT gained 2.03%. TMO led decliners, falling 2.98% to 656.58. CRM fell 2.09%, ABT lost 1.94%, ACN declined 0.85% and UNH slipped 0.60%.
Headlines framed the session around bonds and energy. Fox Business ran a segment titled “Treasury yields PULL BACK from historic highs,” and Barron's daily wrap was headlined “Review & Preview: Rally Time.” CNBC reported “Oil rises as concerns over Houthi attacks on Saudi Arabia eclipse supply recovery.”
The VIX closed at 15.01 and the 10-year Treasury yield stood at 5.27%, according to FRED.
Data
| Instrument | Close | Change |
|---|---|---|
| SPY | 779.09 | +0.55% |
| QQQ | 759.66 | +0.46% |
| DIA | 514.56 | +0.48% |
| IWM | 281.34 | -0.72% |
Data: FMP, FRED. Figures are close-to-close unless stated.
In the news
Neutral market summary for information only; not investment advice.
← All journal entries