SPY Closes at 773.09 as Technology Leads; T and NFLX Drop
All four major equity ETFs rose on Oct. 21, with QQQ up 1.05% and SPY up 0.53%; XLK led sectors while T and NFLX were the largest large-cap decliners.
All four major U.S. equity ETFs finished higher on Wednesday, Oct. 21. SPY rose 0.53% to 773.09 and QQQ gained 1.05% to 725.20. The Dow-tracking DIA added 0.64% to 527.70, and the small-cap IWM edged up 0.25% to 276.48.
Technology (XLK) led the eleven Select Sector SPDR ETFs with a 1.67% gain to 188.54. Industrials (XLI) rose 0.91%, financials (XLF) 0.57%, utilities (XLU) 0.29%, energy (XLE) 0.28%, materials (XLB) 0.18% and consumer discretionary (XLY) 0.03%. Four sectors declined: communication services (XLC) fell 1.11% to 108.97, real estate (XLRE) lost 0.76%, consumer staples (XLP) 0.73% and health care (XLV) 0.49%.
Among companies valued at $10 billion or more, PLTR led gainers with a 4.74% rise to 201.72. IBM, which reported quarterly results above estimates, climbed 3.94% to 251.46. MS gained 3.66% to 187.01, TSLA rose 3.41% to 386.47 and AMD added 3.36% to 552.72.
T fell 6.45% to 21.91, the largest large-cap decline, on the day it reported EPS above estimates. NFLX dropped 5.31% to 65.04, BKNG fell 3.38% to 158.38, ISRG lost 2.26% to 428.12 and VZ declined 2.20% to 43.56.
A Barron's market wrap was titled "Review & Preview: Here We Go Ag-AI-n." Reuters reported that oil rose as the U.S. ordered diplomats to leave Saudi Arabia amid escalating tensions, while CNBC reported that China's stock market sank into bear territory as the CSI 300 extended a 10-week rout. WTI crude futures closed 4.56% lower at $97.15.
Data
| Instrument | Close | Change |
|---|---|---|
| SPY | 773.09 | +0.53% |
| QQQ | 725.20 | +1.05% |
| DIA | 527.70 | +0.64% |
| IWM | 276.48 | +0.25% |
| XLK | 188.54 | +1.67% |
| XLC | 108.97 | -1.11% |
| PLTR | 201.72 | +4.74% |
| T | 21.91 | -6.45% |
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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