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Tech stocks fall while over 300 S&P 500 stocks rise and Treasurys rally, signaling market split.

Market News
23 Oct 2026
Market Watch
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Tech stocks fall while over 300 S&P 500 stocks rise and Treasurys rally, signaling market split.

The stock market is showing a split trend as tech stocks decline but more than 300 S&P 500 companies see gains. At the same time, investors are moving money into U.S. government bonds, causing yields to drop sharply. This divergence may indicate a shift in market leadership and investor sentiment, suggesting a potential change in market dynamics going forward.

The stock market's split trend is reflected in Pluang's Technology sector data as of Oct 23, 2026 18:03 WIB: out of 150 priced tech stocks, 49 rose while 92 fell. Notable movers include STM (STMicroelectronics NV) at USD 43.38 with a 1-day change of -1.61% and 100% buy order activity, UMC (United Microelectronics Corp) at USD 18.82 up 1.57% with 100% buy orders, and NTES (NetEase Inc) at USD 116.88 down 1.51% with 69% sell orders. Typical hold times vary from 43 to 74 days among these stocks.

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