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CNW Group
8 min read
PITTSBURGH, Oct. 7, 2026 /PRNewswire/ — Stock Preachers Market Commentary – Major averages split this week as the Nasdaq Composite and S&P 500 held onto gains while the Dow Jones Industrial Average and Russell 2000 turned lower. The Nasdaq rose 1.05% for the week to 27,475.93, and the S&P 500 added 0.92% to 7,793.85, even as both indices fell on the latest session. The Dow slipped 0.06% for the week to 51,145.98, and the Russell 2000 dropped 1.42% to 2,792.80, underscoring a market where large-cap tech and biotech names are carrying the tape while smaller companies lag. Active Companies from around the markets with current developments this week include: RTX (NYSE: RTX), Eli Lilly and Company (NYSE: LLY), SAP SE (NYSE: SAP), International Business Machines Corporation (NYSE: IBM), and Canadian National Railway Company (TSX: CNR) (NYSE: CNI).
The Nasdaq Composite closed at 27,475.93, down 0.45% on the day but still up 1.05% for the week, with an RSI14 of 64.5 signaling a market near overbought territory. The index traded as high as 27,722.75 this week, matching its 52-week high, while support sits at 27,288.79 and 27,167.06. The S&P 500 closed at 7,793.85, down 0.32% on the day, with RSI14 at 59.4 and resistance at its 52-week high of 7,844.52.
The Dow Jones Industrial Average fell 0.73% on the day to 51,145.98, pushing its weekly change to negative 0.06%, with an RSI14 of 40.4 reflecting the index’s relative weakness. The Russell 2000 posted the week’s sharpest decline, down 1.32% on the day and 1.42% for the week to 2,792.80, with an RSI14 of 34.5 as small caps underperform large caps.
Volatility ticked higher with the VIX at 15.33, up 0.32 on the day though down 0.19 for the week, while the Nasdaq-100 volatility gauge (VXN) rose to 21.45. In commodities, gold fell 1.25% on the day to $4,134.90 per ounce and silver dropped 1.51% to $60.24, while WTI crude slipped to $88.89 a barrel. Natural gas jumped 3.82% on the day, and the 10-year Treasury yield rose to 5.32%.
The full report includes a detailed levels ladder for each index, a broader look at sector sentiment, and a preview of what to watch in the week ahead.
CONTINUED… Read this and more news from around this sector and may more at: Stock Preachers Market Commentary
In other industry developments and happenings in the market this week include:
RTX (NYSE: RTX) Raytheon, an RTX business, has secured a five-year contract with two additional option years, valued up to $24.4 billion, for Standard Missile-6 (SM-6) interceptors, boosting availability of the munition for offensive strikes and missile defense missions for the U.S. Navy.
