Markets pushed higher on Thursday, led by the average stock, with the S&P 500 Equal Weight Index (SPXEWI) gaining almost 0.5%. That said, the equal weight index is still on track for its seventh straight week of declines.

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Below are highlights from the NDW Morning Update Video for the morning of 10/02. Access the video on the NDW Morning Update Video page. 

• Markets pushed higher on Thursday, led by the average stock, with the S&P 500 Equal Weight Index (SPXEWI) gaining almost 0.5%. That said, the equal weight index is still on track for its seventh straight week of declines.
• The decline in the average stock over the last several weeks has left several of our indicators on the cusp of washed-out territory. The bullish percent for the S&P 500 fell another 1.6% yesterday, leaving it just one box away from the 30% level, an area typically positive for markets, especially following reversals back into Xs.
• Growth and momentum have been the best performing factors in 2026, but the two factors slowed down in the third quarter. Growth stock fund RPG fell more than 8.5% in the third quarter, as mentioned in yesterday's feature on factor performance.
• Technology continues to sit at the top of DALI’s sector rankings and yesterday saw the group further its ascent. The average technology stock, as represented by the Invesco S&P Equal Weight Technology ETF (RSPT), set new all-time highs while completing another buy signal at $67.
• Conversely, consumer discretionary stocks have been sliding, with the group remaining firmly near the bottom of DALI’s rankings. Yesterday, sector representative XLY broke a double bottom at $108 to complete a bearish triangle. Meanwhile, the VanEck Retail ETF (RTH) also completed a sell signal as consumer woes continue to serve as a headwind.