Weekly market insight — 2026-10-02
Market in a correction; 42% of S&P 500 stocks are above their 200-day line
Conditions moved from an uptrend under pressure to a correction. The S&P 500 fell 0.3% and the Nasdaq rose 0.5% and the Dow Jones fell 1.3% over the week. Heavy-volume down days in the tracked window rose from 5 to 6. Of the 502 S&P 500 stocks, 24% closed the week above their 50-day average and 42% above their 200-day average. Last week those figures were 26% and 46%. Energy rose the most (+1.34%); Basic Materials fell the most (-20.47%). Technology: median money-flow reading -0.02 across 90 stocks, and on-balance volume rising. 68 pattern events landed across the tracked stocks during the week. This is a description of what happened, not a suggestion about what to do.
Market
Conditions moved from an uptrend under pressure to a correction. The S&P 500 fell 0.3% and the Nasdaq rose 0.5% and the Dow Jones fell 1.3% over the week. Heavy-volume down days in the tracked window rose from 5 to 6.
Sector moves
Energy rose the most (+1.34%); Healthcare fell the most (-2.81%).
Benchmarks this week
Six markets outside stocks, this Friday against the last — context for the week, not a verdict on it.
Brent crude rose 4.52% over the week.
Gold fell 3.68% over the week.
10-year Treasury rose 0.07 points over the week (latest reading Oct 1).
Euro per dollar rose 1.23% over the week.
Bitcoin rose 0.05% over the week.
VIX rose 0.44 points over the week.
Economic calendar
Released this week: Economic growth (GDP), Inflation (PCE) and Jobs report.
Economic growth (GDP): The economy grew at a 2.2% annual rate in the second quarter.
Inflation (PCE): Prices on the Fed’s preferred measure were 3.4% higher than a year earlier — the same pace as in July.
Jobs report: 29,000 jobs added in September; unemployment rose to 4.2%.
Pattern events
68 stocks had a pattern take shape or change state. Showing the 5 largest moves.
- AAPL: a cup with handle started taking shape on Sep 28.
- ADI: its double bottom saw its breakout fail to hold on Oct 2.
- MPWR: its bull flag broke out of its shape on Oct 2.
- RCL: its double top saw its breakout fail to hold on Oct 2.
- ANET: a double top started taking shape on Oct 2.
Breadth
Of the 502 S&P 500 stocks, 24% closed the week above their 50-day average and 42% above their 200-day average. Last week those figures were 26% and 46%.
Sector flow
Median money-flow readings across the week for 11 sectors.
Valuation changes
Sector median valuations from the weekend data refresh, 11 sectors compared.
Earnings summary
7 tracked stocks reported this week: 7 beat and 0 missed the consensus EPS estimate. The median next-session move after a report was +1.2%.
- MKC reported on Oct 1: EPS came in above consensus (+13.9%).
- NKE reported on Oct 1: EPS came in above consensus (+10.8%).
- JBL reported on Sep 30: EPS came in above consensus (+8.1%).
- CCL reported on Sep 29: EPS came in above consensus (+5.9%).
- MU reported on Sep 30: EPS came in above consensus (+5.2%).
- FDS reported on Sep 30: EPS came in above consensus (+3.9%).
- ACN reported on Oct 1: EPS came in above consensus (+3.5%).
- JBL's valuation light moved red → green following a -9-point revision in next-year consensus EPS growth.
Across the scan
73 scanned names ended the week in historical value zones — 23 in Technology, 13 in Financial Services. 1 of them shows all three lights green.
- Growth looks cheaper than its price
Rates context
Where near-riskless yields ended the week — the baseline that riskier returns are measured against, shown for context only.
3-month Treasury bill stood at 4.17%, down 0.07 percentage points on the week.
1-year Treasury stood at 4.44%, down 0.07 percentage points on the week.
10-year Treasury stood at 5.24%, up 0.06 percentage points on the week.
12-month CD, national average stood at 1.73%, up 0.02 percentage points versus the prior monthly reading.
Stocks in this recap
Previous: Weekly market insight — 2026-09-25
每周市场洞察
市场处于回调之中；标普 500 成分股中 42% 位于 200 日均线上方
市场状态从承压的上升趋势转为回调。本周，标普 500下跌 0.3%，纳斯达克上涨 0.5%，道琼斯下跌 1.3%。统计窗口内的放量下跌日从 5 个增加到 6 个。标普 500 的 502 只成分股中，24% 以高于 50 日均线的价格收周，42% 高于 200 日均线。上周这两个数字分别是 26% 和 46%。能源涨幅最大（+1.34%）；基础材料跌幅最大（-20.47%）。科技：90 只股票的资金流读数中位数为 -0.02，能量潮（OBV）走高。本周跟踪的股票中共出现 68 次形态相关的变化。以上描述的是已经发生的事，并非对该做什么的建议。
市场状态从承压的上升趋势转为回调。本周，标普 500下跌 0.3%，纳斯达克上涨 0.5%，道琼斯下跌 1.3%。统计窗口内的放量下跌日从 5 个增加到 6 个。
行业涨跌
能源涨幅最大（+1.34%）；医疗保健跌幅最大（-2.81%）。
本周基准
股票之外的六个市场，本周五对比上周五——作为本周的背景，而非评判。
布伦特原油本周上涨 4.52%。
黄金本周下跌 3.68%。
10 年期国债本周上涨 0.07 个百分点（最新读数为 10月1日）。
美元兑欧元本周上涨 1.23%。
比特币本周上涨 0.05%。
VIX本周上涨 0.44 个百分点。
经济日历
本周发布：经济增长（GDP）、通胀（PCE）、就业报告。
经济增长（GDP）: 第二季度经济按年化计算增长 2.2%。
通胀（PCE）: 按美联储偏好的指标，物价较一年前上升 3.4%，与7月持平。
就业报告: 9月新增 29,000 个就业岗位；失业率升至 4.2%。
形态事件
68 只股票有形态开始形成或状态发生变化。这里显示变动最大的 5 只。
- AAPL：它的杯柄形态在9月28日开始形成。
- ADI：它的双底在10月2日的突破没有守住。
- MPWR：它的上升旗形在10月2日走出了形态。
- RCL：它的双顶在10月2日的突破没有守住。
- ANET：它的双顶在10月2日开始形成。
市场广度
标普 500 的 502 只成分股中，24% 以高于 50 日均线的价格收周，42% 高于 200 日均线。上周这两个数字分别是 26% 和 46%。
行业资金流
本周 11 个行业的资金流读数中位数。
估值变化
来自周末数据更新的行业估值中位数，共比较了 11 个行业。
财报小结
本周跟踪的股票中有 7 只公布业绩：7 只高于、0 只低于市场一致预期的每股收益。财报公布后下一交易日的中位数变动为 +1.2%。
- MKC 于10月1日公布业绩：每股收益高于一致预期（+13.9%）。
- NKE 于10月1日公布业绩：每股收益高于一致预期（+10.8%）。
- JBL 于9月30日公布业绩：每股收益高于一致预期（+8.1%）。
- CCL 于9月29日公布业绩：每股收益高于一致预期（+5.9%）。
- MU 于9月30日公布业绩：每股收益高于一致预期（+5.2%）。
- FDS 于9月30日公布业绩：每股收益高于一致预期（+3.9%）。
- ACN 于10月1日公布业绩：每股收益高于一致预期（+3.5%）。
- JBL 的估值信号灯从红灯变为绿灯，此前下一年度一致预期每股收益增速被调整了 -9 个百分点。
扫描概览
本周共有 73 只扫描股票收于历史估值区间，其中23 只属于科技、13 只属于金融服务。其中 1 只三项信号同时为绿灯。
- 增长相对其价格显得便宜
利率背景
接近无风险的收益率在本周的落点——它是衡量更高风险回报的参照基准，仅作背景说明。
3 个月期美国国债报 4.17%，较上周下降 0.07 个百分点。
1 年期美国国债报 4.44%，较上周下降 0.07 个百分点。
10 年期美国国债报 5.24%，较上周上升 0.06 个百分点。
12 个月定期存单，全国平均报 1.73%，较上月读数上升 0.02 个百分点。
UnderTheLight 用直白的语言解释股票——估值、价格区间与资金流向。它只描述数据，不构成任何投资建议。
UnderTheLight explains stocks in plain English — valuation, price zones and money flow as traffic lights, recomputed nightly. It describes data; it is not investment advice and never recommends a trade.