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.

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.