In September 2026, ten of the eleven S&P sectors fell due to rising oil prices and Treasury yields, which pressured most parts of the market. The Technology sector was the sole gainer, rising 5.08%, driven by strong demand for AI and semiconductor stocks like Micron and Intel. The VanEck Semiconductor ETF surged 9.41%, highlighting the concentration of market gains in chipmakers amid broader declines. Despite the sector's strong year-to-date performance, elevated yields and high valuations pose risks, making October a critical month to watch for potential shifts in market leadership.
As of Oct 01, 2026 18:43 WIB, the Technology sector continues to show resilience on Pluang despite broader market pressures, with the XLK ETF trading at USD 197.47 and up 0.88% for the day. The VanEck Semiconductor ETF (SMH) also gained 0.82%, priced at USD 614.00, reflecting ongoing interest in chipmakers. Meanwhile, Micron Technology (MU) saw a slight decline of 1.01%, trading at USD 1,054.40, highlighting mixed investor sentiment within the sector.
