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Energy stocks lead returns, but market remains tech-centric

The Capital Spectator ·

SPY
SPY SPDR S&P 500 ETF Trust
$769.05 +0.34%
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  1. 1Energy stocks (XLE) recorded a year-to-date return of nearly 55% in 2026.
  2. 2The weight of technology stocks within the SPDR S&P 500 ETF (SPY) reaches nearly 39%.
  3. 3John Butters reports that the Magnificent 7 companies will report lower year-over-year earnings growth in the fourth quarter of 2026 compared to the remaining 493 companies in the S&P 500.

So what's the key point?

Energy stocks have recorded a return of about 55% since the beginning of this year. There is a forecast that the growth rates of major companies will be lower than those of other companies in a market with a high proportion of technology stocks.

Source The Capital Spectator · View original ↗

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