09/01/2026
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The major averages finished higher last week, but the gains were concentrated in mega-cap growth and software stocks as the broader market struggled.
The information technology sector gained 1.8%. also rallied sharply after its on Thursday, but stocks remained volatile.
Strength in several of the market's largest and names helped the communication services sector rise 1.6%, while the sector (+1.1%) was the only other sector to gain more than 1.0%. The concentrated leadership was especially apparent Thursday, when the S&P 500 gained 0.7% despite ten of its 11 sectors finishing lower.
The (-2.0%), (-2.0%), (-1.7%), and (-1.3%) sectors were among the main laggards, while small- and mid-cap stocks substantially underperformed. crude fell roughly 4.3% for the week amid several swings tied to developments involving and the .
returned to the forefront on Friday after Fed Chair Kevin Warsh used his Jackson Hole address to emphasize that remains above the Fed's 2% target and that price stability should remain the central bank's predominant focus. The remarks drove the probability of a September rate hike sharply higher and triggered a pronounced rise in , with the 2-year note yield jumping 12 basis points on Friday alone to 4.35%.
Overall, the week's positive index performance masked a considerably weaker showing beneath the surface.
➡️ Nasdaq Composite: +1.9% week-to-date
➡️ DJIA: +0.5% week-to-date
➡️ S&P 500: +0.5% week-to-date
➡️ S&P Mid Cap 400: -1.3% week-to-date
➡️ Russell 2000: -1.5% week-to-date
Read it here: https://www.parkavenuewealthmanagement.com/week-in-perspective/august-28-2026/mega-cap-and-software-strength-drive-modest-weekly-gain
