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Tech stocks lead gains as Nasdaq rises 3.24%, while defensive sectors fall in mixed U.S. market week.

Market News
29 Sep 2026
Seeking Alpha
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Neutral
Tech stocks lead gains as Nasdaq rises 3.24%, while defensive sectors fall in mixed U.S. market week.

U.S. equity markets showed mixed performance this week, with technology and growth sectors driving gains. The NASDAQ 100 ETF increased by 3.24%, and the S&P 500 ETF rose 1.29%, boosted by strong showings in Technology, Communication Services, Health Care, and Industrials. Conversely, defensive and rate-sensitive sectors such as Utilities, Energy, Real Estate, Financials, and Consumer Staples declined, reflecting uneven market breadth. This divergence highlights investor preference for growth areas amid ongoing economic uncertainties.

The ValuEngine Weekly Commentary on sector and ETF performance provides context for U.S. equity market trends. For readers following these developments, here is Pluang's market snapshot as of Sep 29, 2026 17:12 WIB: Among 150 priced US stocks tradable on Pluang, 67 rose and 73 fell today, showing a balanced breadth. AstraZeneca plc (AZN) gained 1.32% with a strong 98% buy order activity and a typical hold time of 125 days, contrasting with Newmont Corporation (NEM) which rose 1.25% but had 82% sell orders and a shorter hold time of 58 days. Coinbase Global, Inc. (COIN) increased 1.28% with a nearly even sell/buy split and a typical hold time of 78 days.

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