Weekly Market Recap – Week Ending Oct 16, 2026
U.S. equity markets faced significant selling pressure this week, with sharp declines in technology and growth-oriented stocks contrasting with strong gains across defensive, energy, and value sectors. The NASDAQ 100 ETF (QQQM) plunged 5.54%, while the S&P 500 ETF (SPYM) fell 1.98%, weighed down by a steep 7.70% decline in Technology (XLK). Growth (VUG) also dropped 4.39%, highlighting a pronounced rotation away from growth-oriented equities. In contrast, Consumer Staples (XLP), Energy (XLE), Dividend Equity (SCHD), Health Care (XLV), and Materials (XLB) posted strong gains, while Value (VTV) advanced 1.28%, suggesting investors favored more defensive and value-oriented exposures. Despite the broader market weakness, select stocks maintained strong 30-day momentum, led by Moderna (MRNA), Petrobras (PBR), Shopify (SHOP), Marathon Petroleum (MPC), BP (BP), and Suncor Energy (SU), highlighting continued strength in energy, biotechnology, and select technology names.
In the below tables we use major ETF’s as a proxy for some major indexes as well as each of the sector groups into which we divide the overall markets. Tracking these over time provides a more defined picture of the US markets than simply tracking major indexes. This is followed by notable individual stock movers over the past month.
ETF/Sector weekly performance:
Ticker | Name | VE Rating | Last Week’s Close Price | Weekly Change |
QQQM | Invesco NASDAQ 100 ETF | 5 | 309.39 | -5.54% |
SCHD | Schwab US Dividend Equity ETF | 2 | 33.04 | 3.96% |
SPYM | State Street SPDR Portfolio S&P 500 ETF | 4 | 91.64 | -1.98% |
VB | Vanguard Morningstar Small-Cap ETF | 2 | 289.48 | -1.78% |
XLB | State Street Materials Select Sector SPDR ETF | 2 | 49.43 | 3.01% |
XLC | State Street Com Svc Sel Sec SPDR ETF | 2 | 110.38 | -0.05% |
XLE | State Street Energy Select Sector SPDR ETF | 4 | 65.08 | 4.86% |
XLF | State Street Financial Sel Sec SPDR ETF | 3 | 54.73 | 1.44% |
XLI | State Street Industrial Select Sector SPDR ETF | 3 | 169.25 | -0.88% |
XLK | State Street Technology Select Sector SPDR ETF | 5 | 198.78 | -7.70% |
XLP | State Street Consumer Staples Sel Sect SPDR ETF | 1 | 83.43 | 5.02% |
XLRE | State Street Real Estate Select Sector SPDR ETF | 1 | 41.61 | 1.32% |
XLU | State Street Utilities Select Sector SPDR ETF | 1 | 41.41 | 1.93% |
XLV | State Street Health Care Select Sector SPDR ETF | 3 | 170.81 | 3.45% |
XLY | State Street Consumer Disc Sel Sect SPDR ETF | 1 | 112.85 | -0.35% |
VTV | Vanguard Morningstar Value ETF | 3 | 220.59 | 1.28% |
VUG | Vanguard Morningstar Growth ETF | 4 | 91.97 | -4.39% |
Last Week Top 3 Stock Performers (Global):
Ticker | Name | VE Rating | Last Close Price | Price 30 Days Ago | Monthly Difference |
PBR | Petroleo Brasileiro ADR Reptg 2 Ord Shs | 5 | 26 | 20.63 | 26.03% |
BP | BP PLC | 4 | 50.21 | 43.16 | 16.33% |
SU | Suncor Energy Inc (Canada) | 5 | 78.05 | 67.24 | 16.08% |
Last Week Top 3 Stock Performers (US):
Ticker | Name | VE Rating | Last Close Price | Price 30 Days Ago | Monthly Difference |
MRNA | Moderna Inc | 5 | 218.01 | 172.94 | 26.06% |
SHOP | Shopify Inc. | 4 | 169.52 | 137.92 | 22.91% |
MPC | Marathon Petroleum Corp | 5 | 478.07 | 402.38 | 18.81% |
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