Weekly Market Recap – Week Ending Oct 30, 2026
U.S. equity markets remained under pressure this week, with technology and growth-oriented stocks extending their declines while value, defensive, and cyclical sectors showed resilience. The NASDAQ 100 ETF (QQQM) fell 1.97%, while the S&P 500 ETF (SPYM) declined 0.56%, weighed down by sharp losses in Communication Services (XLC), which dropped 5.32%, and Technology (XLK), which slipped 2.03%. Growth (VUG) also declined 1.96%, highlighting the continued rotation away from growth-oriented equities. In contrast, Health Care (XLV) led the gains with a 3.12% advance, followed by Materials (XLB), Utilities (XLU), Consumer Discretionary (XLY), and Industrials (XLI), indicating improving breadth outside the technology sector. Stock-specific momentum remained particularly strong in biotechnology, pharmaceuticals, and defense, led by Genmab (GMAB), UCB (USBJY), Regeneron Pharmaceuticals (REGN), Lockheed Martin (LMT), and Eli Lilly (LLY), highlighting continued investor interest in health care and defensive growth opportunities.
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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.
| Ticker | Name | VE Rating | Last Week’s Close Price | Weekly Change |
| QQQM | Invesco NASDAQ 100 ETF | 5 | 290.06 | -1.97% |
| SCHD | Schwab US Dividend Equity ETF | 2 | 35.27 | 1.45% |
| SPYM | State Street SPDR Portfolio S&P 500 ETF | 3 | 89.45 | -0.56% |
| VB | Vanguard Morningstar Small-Cap ETF | 3 | 287.22 | 0.99% |
| XLB | State Street Materials Select Sector SPDR ETF | 2 | 51.31 | 2.79% |
| XLC | State Street Com Svc Sel Sec SPDR ETF | 1 | 105.51 | -5.32% |
| XLE | State Street Energy Select Sector SPDR ETF | 5 | 69.33 | 1.00% |
| XLF | State Street Financial Sel Sec SPDR ETF | 3 | 55.9 | 1.09% |
| XLI | State Street Industrial Select Sector SPDR ETF | 2 | 164.62 | 1.69% |
| XLK | State Street Technology Select Sector SPDR ETF | 5 | 183.23 | -2.03% |
| XLP | State Street Consumer Staples Sel Sect SPDR ETF | 2 | 88.26 | 1.31% |
| XLRE | State Street Real Estate Select Sector SPDR ETF | 1 | 42.57 | 1.41% |
| XLU | State Street Utilities Select Sector SPDR ETF | 1 | 42.56 | 2.04% |
| XLV | State Street Health Care Select Sector SPDR ETF | 3 | 179.28 | 3.12% |
| XLY | State Street Consumer Disc Sel Sect SPDR ETF | 1 | 113.1 | 2.02% |
| VTV | Vanguard Morningstar Value ETF | 3 | 225.05 | 1.32% |
| VUG | Vanguard Morningstar Growth ETF | 3 | 86.76 | -1.96% |
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| Ticker | Name | VE Rating | Last Close Price | Price 30 Days Ago | Monthly Difference |
| GMAB | Genmab A/S – ADR | 5 | 57.06 | 38.48 | 48.28% |
| GNMSF | Genmab A/S | 5 | 563.82 | 396.97 | 42.03% |
| UCBJY | UCB Unsponsored Belgium ADR | 5 | 156.8 | 112.99 | 38.77% |
| Ticker | Name | VE Rating | Last Close Price | Price 30 Days Ago | Monthly Difference |
| REGN | Regeneron Pharmaceuticals Inc | 4 | 927.89 | 726.47 | 27.73% |
| LMT | Lockheed Martin Corp | 4 | 636.95 | 506.63 | 25.72% |
| LLY | Eli Lilly And Co | 4 | 1417.54 | 1143.12 | 24.01% |
Strategy Note to be posted later this week: A much needed update on the Technology sector.
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