Key Highlights

  • The screener's 123 technology services names show a cap-weighted one-month gain of 6.97% but a median of negative 0.96%, a gap of 7.93 points, simple arithmetic, as of October 8, 2026.
  • Its 102 electronic technology names show a cap-weighted one-month gain of 4.93% against a median of 1.86%, with 10 names at 52-week highs and 10 at lows, a split reading.
  • Technology Select Sector SPDR Fund (NYSEARCA:XLK) traded near USD 200.38, down 0.50%, at about 11 a.m. ET on October 8, 2026, and its top five holdings make up about 49.53% of assets.
  • NVIDIA (NASDAQ:NVDA), Apple, Microsoft, Advanced Micro Devices and Broadcom hold 15.67%, 13.18%, 10.64%, 5.20% and 4.84% of the fund, so a few stocks set the result.

What the Screener Shows

The screener defines technology differently from the fund's GICS sector, using two groups: technology services, which typically covers software and internet companies, and electronic technology, which typically covers chips and hardware. Together they roughly map to the fund's universe, though the screenshot does not list constituents. Technology services has a one-month cap-weighted return of 6.97% and a median of negative 0.96%. Electronic technology shows 4.93% and 1.86%. Technology services also has 7 names at 52-week highs and none at lows. Larger weights are pulling cap-weighted returns well above what the typical name delivered, which is the signature of concentration. The screener's own header notes that a handful of names can carry a whole sector.

Who Carries the Index

Because the fund is cap-weighted, size sets influence. NVIDIA (NASDAQ:NVDA) traded near USD 235.98, down 0.63% intraday, with a Market Value near USD 5.70 trillion and a 52-week high of USD 243.37, about 3.0% above the price, simple arithmetic. Microsoft (NASDAQ:MSFT) traded near USD 529.88, flat, about 4.3% below its 52-week high of USD 553.72, simple arithmetic. Nineteen of 20 screener sectors had a negative median one-month return, yet six had positive cap-weighted returns, including both tech groups and communications. That is how the S&P 500 stood 0.22% below its record close of 7,818.93 at 7,801.77 on October 7 while the Russell 2000 fell 1.31%.

Risks and Dates to Watch

Narrow Leadership can fade fast if the giants stumble, since little breadth supports the average, and a single weak Earnings report could reverse the gain. Yields are a risk too, because the 10-year Treasury Yield touched about 5.36% on October 7 and the Fed minutes flagged heavy AI related Debt issuance. September CPI arrives October 14 at 8:30 a.m. ET and the Fed decides on October 28. Microsoft reports fiscal first quarter results on October 28 after the close, and NVIDIA is estimated to report on November 18. The fund yields 0.42%, which is not guaranteed, charges 0.08% and holds about USD 130.24 billion, the largest of the sector funds checked here.

Where Things Stand

Tech is up 6.97% in a month in the screener because a handful of mega-caps carry cap-weighted returns while the median technology services stock fell 0.96%. Technology Select Sector SPDR Fund (NYSEARCA:XLK) is built the same way, with five names near half its assets, and it slipped 0.50% in published intraday data on October 8. Leadership is narrow, and electronic technology breadth is split at 10 highs and 10 lows. Yields, October 14 CPI and Microsoft earnings on October 28 are the next tests.