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Market Watch · Weekly

Equity Market Watch

Live · Updated Monday 08:00 IST
Reference date: Fri, 26 Jun 2026
Published: 29 Jun 2026 · USD where shown
S&P 500
7,354.02PTS
Weekly -1.95%
NASDAQ 100
29,118.24PTS
Weekly -4.24%
STOXX 600
635.88PTS
Weekly +0.04%
NIKKEI 225
69,360.88PTS
Weekly -2.65%
MSCI EM (EEM)
67.19USD
Weekly -5.09%
VIX
18.41PTS
Weekly +12.26%

Executive Summary

Where global equities sit this week
Weekly read

Where global equities sit this week — direction, breadth, leadership, risk.

S&P 500 closed at 7,354.02 (-1.95% WoW; +7.43% YTD), with the Nasdaq 100 at 29,118.24 (-4.24% WoW) and the Russell 2000 +1.02% on the week.

Stoxx 600 +0.04% WoW (+7.27% YTD). Japan (-2.65% WoW; +37.79% YTD local, +32.85% USD) shows how much of the year's headline performance is FX vs. price.

EM came under pressure — broad EEM -5.09% WoW, with India Nifty (+0.18% WoW; -7.94% YTD local) and Saudi Arabia (TASI) at 10,933.23 (+4.22% YTD).

Risk signals. VIX at 18.41 (+12.26% WoW) and the MOVE bond-vol index +2.14% as the US 10Y yield printed 4.37% (-1.77% WoW). The dollar +0.51% on the DXY; credit ETFs (HYG -0.22%, LQD +0.39%) frame the risk regime at the long end of the curve.

S&P 500 (5-year)

Index level, weekly observations

VIX (5-year)

CBOE 30-day implied vol on the S&P 500

MSCI EM vs S&P 500 (relative, rebased)

EEM/SPY price ratio · 5-year

US 10Y Yield (5-year)

Real-economy anchor for equity duration

Global Markets

25 indices · local-currency and USD-translated returns
Reading the table. "Local" columns show price returns in the home currency. "USD" columns translate using the relevant FX cross at each performance horizon — this is what a US-based global allocator actually sees in dollars. Green = up, coral = down.

North America

S&P 500, Nasdaq 100, Dow, Russell 2000, S&P/TSX
IndexLast (local)1W1MYTD1Y YTD (USD)1Y (USD)
S&P 500 7,354.02 -2.0% -2.2% +7.4% +19.8% ——
Nasdaq 100 29,118.24 -4.2% -2.9% +15.3% +29.7% ——
Dow Jones Industrial Avg 51,876.11 +0.6% +2.4% +7.9% +19.6% ——
Russell 2000 3,010.08 +1.0% +3.1% +21.3% +38.6% ——
S&P/TSX Composite 34,980.00 +0.0% +1.7% +10.3% +30.8% +6.4%+25.6%

Europe

Stoxx 600 plus the six large-cap national benchmarks
IndexLast (local)1W1MYTD1Y YTD (USD)1Y (USD)
Stoxx Europe 600 635.88 +0.0% +1.2% +7.3% +18.3% +3.5%+15.0%
DAX 24,671.22 -1.3% -2.0% +0.7% +4.3% -2.8%+1.4%
CAC 40 8,384.87 -0.4% +2.2% +2.9% +11.0% -0.5%+7.8%
FTSE 100 10,508.00 +1.4% +0.0% +5.8% +20.3% +3.6%+15.6%
FTSE MIB 51,265.00 -3.0% +3.4% +14.1% +30.3% +10.1%+26.6%
SMI 14,172.71 +2.9% +4.0% +6.8% +19.3% +3.9%+17.9%
IBEX 35 19,425.30 +0.4% +5.7% +12.2% +40.6% +8.6%+36.6%

Asia-Pacific Developed

Japan (two), Australia, Korea, Hong Kong
IndexLast (local)1W1MYTD1Y YTD (USD)1Y (USD)
Nikkei 225 69,360.88 -2.7% +6.7% +37.8% +75.2% +32.9%+56.7%
TOPIX (via ETF proxy 1308.T) 4,152.00 -2.1% +1.2% +17.3% +41.0% +13.1%+26.1%
ASX 200 8,764.20 -0.7% +0.5% +0.6% +2.5% +3.7%+8.0%
KOSPI 8,411.21 -7.1% +2.2% +99.6% +173.1% +85.2%+138.9%
Hang Seng 22,671.86 -5.2% -10.5% -11.5% -6.8% -12.2%-6.7%

Emerging Markets

EEM proxy, China onshore, India (Nifty + Sensex), Brazil, Mexico, Saudi Arabia
IndexLast (local)1W1MYTD1Y YTD (USD)1Y (USD)
MSCI EM (EEM ETF proxy) 67.19 -5.1% -1.8% +22.8% +39.2% ——
CSI 300 4,868.22 -1.5% -0.8% +5.1% +23.4% +8.3%+30.2%
Shanghai Composite 4,027.26 -1.5% -1.6% +1.5% +16.8% +4.6%+23.3%
Nifty 50 24,056.00 +0.2% +0.6% -7.9% -5.8% -12.5%-14.6%
BSE Sensex 77,100.47 +0.4% +1.6% -9.5% -7.9% -14.0%-16.5%
Bovespa 173,295.00 +2.8% -1.4% +7.6% +26.4% +15.3%+33.3%
S&P/BMV IPC 67,226.01 -0.7% -4.0% +4.5% +17.0% +7.3%+26.1%
Tadawul All Share (TASI) 10,933.23 -1.7% -0.9% +4.2% -1.2% +4.0%-1.4%

Global headline indices — rebased 5-year performance

S&P 500, Stoxx 600, Nikkei 225 and MSCI EM, all rebased to 100 at start of window

Source: Exchange data via vendor feeds; ABI Analytics compilation.

US Sectors — SPDR ETF lens

11 GICS sectors via XLE/XLB/.../XLRE · sorted by YTD
Leadership read. US sector ETFs are the cleanest free read on what's working: SPDR Select Sector funds (XLx series) replicate the GICS 11 with daily turnover and minimal tracking error. We sort by YTD so the leadership tape is visible at a glance.

Information Technology (XLK)

SPDR sector ETF · USD price
181.11USD
1W -5.40% 1M -1.80% YTD +25.80% 1Y +44.27%

Energy (XLE)

SPDR sector ETF · USD price
53.84USD
1W +0.13% 1M -5.53% YTD +20.42% 1Y +25.57%

Industrials (XLI)

SPDR sector ETF · USD price
181.20USD
1W +0.16% 1M +3.96% YTD +16.81% 1Y +24.67%

Materials (XLB)

SPDR sector ETF · USD price
51.60USD
1W -0.41% 1M +0.82% YTD +13.78% 1Y +17.57%

Real Estate (XLRE)

SPDR sector ETF · USD price
45.24USD
1W +3.15% 1M +1.37% YTD +12.12% 1Y +10.42%

Consumer Staples (XLP)

SPDR sector ETF · USD price
84.71USD
1W +1.69% 1M +0.15% YTD +9.05% 1Y +5.66%

Utilities (XLU)

SPDR sector ETF · USD price
46.20USD
1W +3.22% 1M +2.35% YTD +8.22% 1Y +13.84%

Health Care (XLV)

SPDR sector ETF · USD price
160.34USD
1W +7.32% 1M +7.76% YTD +3.58% 1Y +19.46%

Financials (XLF)

SPDR sector ETF · USD price
53.57USD
1W +0.00% 1M +4.18% YTD -2.19% 1Y +3.44%

Consumer Discretionary (XLY)

SPDR sector ETF · USD price
114.37USD
1W -2.38% 1M -5.91% YTD -4.22% 1Y +6.39%

Communication Services (XLC)

SPDR sector ETF · USD price
106.18USD
1W -2.99% 1M -8.67% YTD -9.80% 1Y -0.23%

Sector snapshot — weekly to year-on-year

SectorLast (USD)1W1MYTD1Y
Information Technology 181.11 -5.4% -1.8% +25.8% +44.3%
Energy 53.84 +0.1% -5.5% +20.4% +25.6%
Industrials 181.20 +0.2% +4.0% +16.8% +24.7%
Materials 51.60 -0.4% +0.8% +13.8% +17.6%
Real Estate 45.24 +3.1% +1.4% +12.1% +10.4%
Consumer Staples 84.71 +1.7% +0.2% +9.0% +5.7%
Utilities 46.20 +3.2% +2.3% +8.2% +13.8%
Health Care 160.34 +7.3% +7.8% +3.6% +19.5%
Financials 53.57 +0.0% +4.2% -2.2% +3.4%
Consumer Discretionary 114.37 -2.4% -5.9% -4.2% +6.4%
Communication Services 106.18 -3.0% -8.7% -9.8% -0.2%

Source: Exchange data via vendor feeds; ABI Analytics compilation. Sector ETFs from State Street Global Advisors.

Factors & Styles

Momentum, Quality, Value, Low Vol, Size, Dividend Growth — via iShares MSCI USA factor ETFs
How to read. These are iShares MSCI USA single-factor ETFs — each isolates exposure to one well-documented style premium. Relative YTD performance signals which style is paying this year; pair with the cross-asset tab to see whether the style leader is consistent with the rates/credit regime.

Momentum (MTUM)

MSCI USA factor ETF · USD price
325.74USD
1W -3.78% 1M +3.96% YTD +30.13% 1Y +37.37%

Quality (QUAL)

MSCI USA factor ETF · USD price
213.66USD
1W -1.03% 1M -0.73% YTD +7.57% 1Y +18.46%

Value (VLUE)

MSCI USA factor ETF · USD price
200.09USD
1W +0.09% 1M +2.29% YTD +46.34% 1Y +77.98%

Low Vol (USMV)

MSCI USA factor ETF · USD price
95.99USD
1W +1.86% 1M -0.05% YTD +1.94% 1Y +3.55%

Size (SIZE)

MSCI USA factor ETF · USD price
177.25USD
1W +1.05% 1M +1.46% YTD +9.70% 1Y +15.92%

Dividend Growth (DGRO)

MSCI USA factor ETF · USD price
75.80USD
1W +1.31% 1M +1.65% YTD +9.19% 1Y +19.52%

Factor snapshot

FactorLast (USD)1W1MYTD1Y
Momentum (MTUM) 325.74 -3.8% +4.0% +30.1% +37.4%
Quality (QUAL) 213.66 -1.0% -0.7% +7.6% +18.5%
Value (VLUE) 200.09 +0.1% +2.3% +46.3% +78.0%
Low Vol (USMV) 95.99 +1.9% -0.1% +1.9% +3.5%
Size (SIZE) 177.25 +1.1% +1.5% +9.7% +15.9%
Dividend Growth (DGRO) 75.80 +1.3% +1.6% +9.2% +19.5%

Source: Exchange data via vendor feeds; ABI Analytics compilation. Factor ETFs from iShares.

Volatility & Risk

VIX, VXN, MOVE and drawdown context
Risk lens. VIX captures equity-implied volatility; VXN does the same for the Nasdaq 100; MOVE is the comparable index for US Treasury options. Watch the equity-bond vol pair together — when MOVE leads VIX higher, it's typically a rates-driven equity selloff (duration story), not an idiosyncratic equity event.

VIX (5-year)

CBOE 30-day implied vol · S&P 500
18.41
1W +12.26% 1M +13.01% YTD +23.14% 1Y +10.97%

MOVE Bond Vol (5-year)

ICE BofA US Treasury option-implied vol
66.79
1W +2.14% 1M -5.80% YTD +4.42% 1Y -25.35%

Volatility snapshot

Risk gaugeLast1W1MYTD1Y
VIX 18.41 +12.3% +13.0% +23.1% +11.0%
VXN (Nasdaq vol) 30.82 +17.1% +31.8% +57.6% +62.3%
MOVE Bond Vol 66.79 +2.1% -5.8% +4.4% -25.3%

Source: Exchange data via vendor feeds; ABI Analytics compilation. CBOE for VIX/VXN; ICE for MOVE.

Drawdown read — 52-week-high context

IndexLast52W HighDrawdownYTD1Y
S&P 500 7,354.02 7,609.78 -3.4% +7.4% +19.8%
Nasdaq 100 29,118.24 30,660.60 -5.0% +15.3% +29.7%
Russell 2000 3,010.08 3,010.08 +0.0% +21.3% +38.6%
Stoxx Europe 600 635.88 640.21 -0.7% +7.3% +18.3%
Nikkei 225 69,360.88 72,366.34 -4.2% +37.8% +75.2%
MSCI EM (EEM ETF proxy) 67.19 71.21 -5.6% +22.8% +39.2%
Tadawul All Share (TASI) 10,933.23 11,752.08 -7.0% +4.2% -1.2%
Nifty 50 24,056.00 26,328.55 -8.6% -7.9% -5.8%

Source: Exchange data via vendor feeds; ABI Analytics compilation. Drawdown computed against trailing 52-week high.

Cross-Asset Context

Rates, FX and credit — the macro context for the equity tape
Context. Equities don't trade in a vacuum. Watch the US 10Y for duration regime, DXY for the currency leg of global returns, and HY/IG credit ETFs as the canary for risk appetite at the long end of the corporate curve.

US 10Y Yield (5-year)

Real-economy duration anchor
4.37%
1W -1.77% 1M -2.43% YTD +5.02% 1Y +2.80%

DXY (5-year)

Trade-weighted USD
101.36
1W +0.51% YTD +3.13%

Rates snapshot

InstrumentLast1W1MYTD1Y
US 13W T-Bill 3.663 +0.1% +2.2% +3.3% -12.6%
US 5Y Yield 4.130 -2.2% -1.1% +11.0% +8.7%
US 10Y Yield 4.372 -1.8% -2.4% +5.0% +2.8%
US 30Y Yield 4.864 -0.8% -2.9% +0.5% +1.0%

Source: Exchange data via vendor feeds; ABI Analytics compilation. CBOE-quoted yield indices.

Credit ETF snapshot

InstrumentLast1W1MYTD1Y
US HY Credit (HYG) 79.83 -0.2% -0.4% -1.0% -0.7%
US IG Credit (LQD) 109.50 +0.4% +0.5% -0.6% +0.3%
US Agg Bond (AGG) 99.34 +0.4% +0.5% -0.5% +0.3%
US 20Y+ Treasury (TLT) 87.36 +0.7% +2.4% +0.2% -0.7%

Source: Exchange data via vendor feeds; ABI Analytics compilation. iShares for HYG/LQD/AGG/TLT. Falling ETF price approximates wider spreads / higher yields.

FX snapshot

InstrumentLast1W1MYTD1Y
DXY Dollar Index 101.36 +0.5% +2.2% +3.1% +4.3%
EUR/USD 1.1362 -0.8% -2.2% -3.3% -2.8%
USD/JPY 161.8050 +0.3% +1.4% +3.4% +11.8%
GBP/USD 1.3188 -0.1% -1.7% -2.1% -3.9%
USD/CHF 0.8105 +0.7% +2.9% +2.4% +1.2%
USD/CNY 6.7900 +0.3% +0.2% -2.9% -5.3%
USD/INR 94.4004 +0.1% -1.7% +5.2% +10.2%
USD/KRW 1,546.4800 +0.6% +2.9% +7.6% +14.3%
USD/HKD 7.8396 +0.0% +0.1% +0.8% -0.1%
USD/CAD 1.4201 +0.4% +2.6% +3.7% +4.1%
USD/AUD 1.4492 +1.6% +3.4% -2.9% -5.1%
USD/BRL 5.1941 +0.2% +2.4% -5.2% -5.2%
USD/MXN 17.5099 +0.9% +0.7% -2.6% -7.3%
USD/SAR 3.7540 +3.1% +2.1% +0.2% +0.2%

Source: Exchange data via vendor feeds; ABI Analytics compilation.

Snapshot Tables — full universe

One-glance read for every benchmark in the dashboard
Reading. Every instrument tracked in this dashboard, grouped. Local currency for indices. Pills show percent change vs. each prior period.

North America Indices

5 instruments
InstrumentLast1W1MYTD1Y
S&P 500 7,354.02 -2.0% -2.2% +7.4% +19.8%
Nasdaq 100 29,118.24 -4.2% -2.9% +15.3% +29.7%
Dow Jones Industrial Avg 51,876.11 +0.6% +2.4% +7.9% +19.6%
Russell 2000 3,010.08 +1.0% +3.1% +21.3% +38.6%
S&P/TSX Composite 34,980.00 +0.0% +1.7% +10.3% +30.8%

European Indices

7 instruments
InstrumentLast1W1MYTD1Y
Stoxx Europe 600 635.88 +0.0% +1.2% +7.3% +18.3%
DAX 24,671.22 -1.3% -2.0% +0.7% +4.3%
CAC 40 8,384.87 -0.4% +2.2% +2.9% +11.0%
FTSE 100 10,508.00 +1.4% +0.0% +5.8% +20.3%
FTSE MIB 51,265.00 -3.0% +3.4% +14.1% +30.3%
SMI 14,172.71 +2.9% +4.0% +6.8% +19.3%
IBEX 35 19,425.30 +0.4% +5.7% +12.2% +40.6%

APAC Developed Indices

5 instruments
InstrumentLast1W1MYTD1Y
Nikkei 225 69,360.88 -2.7% +6.7% +37.8% +75.2%
TOPIX (via ETF proxy 1308.T) 4,152.00 -2.1% +1.2% +17.3% +41.0%
ASX 200 8,764.20 -0.7% +0.5% +0.6% +2.5%
KOSPI 8,411.21 -7.1% +2.2% +99.6% +173.1%
Hang Seng 22,671.86 -5.2% -10.5% -11.5% -6.8%

Emerging Markets

8 instruments
InstrumentLast1W1MYTD1Y
MSCI EM (EEM ETF proxy) 67.19 -5.1% -1.8% +22.8% +39.2%
CSI 300 4,868.22 -1.5% -0.8% +5.1% +23.4%
Shanghai Composite 4,027.26 -1.5% -1.6% +1.5% +16.8%
Nifty 50 24,056.00 +0.2% +0.6% -7.9% -5.8%
BSE Sensex 77,100.47 +0.4% +1.6% -9.5% -7.9%
Bovespa 173,295.00 +2.8% -1.4% +7.6% +26.4%
S&P/BMV IPC 67,226.01 -0.7% -4.0% +4.5% +17.0%
Tadawul All Share (TASI) 10,933.23 -1.7% -0.9% +4.2% -1.2%

US Sectors

11 instruments
InstrumentLast1W1MYTD1Y
Energy 53.84 +0.1% -5.5% +20.4% +25.6%
Materials 51.60 -0.4% +0.8% +13.8% +17.6%
Industrials 181.20 +0.2% +4.0% +16.8% +24.7%
Consumer Discretionary 114.37 -2.4% -5.9% -4.2% +6.4%
Consumer Staples 84.71 +1.7% +0.2% +9.0% +5.7%
Health Care 160.34 +7.3% +7.8% +3.6% +19.5%
Financials 53.57 +0.0% +4.2% -2.2% +3.4%
Information Technology 181.11 -5.4% -1.8% +25.8% +44.3%
Communication Services 106.18 -3.0% -8.7% -9.8% -0.2%
Utilities 46.20 +3.2% +2.3% +8.2% +13.8%
Real Estate 45.24 +3.1% +1.4% +12.1% +10.4%

Factor ETFs

6 instruments
InstrumentLast1W1MYTD1Y
Momentum (MTUM) 325.74 -3.8% +4.0% +30.1% +37.4%
Quality (QUAL) 213.66 -1.0% -0.7% +7.6% +18.5%
Value (VLUE) 200.09 +0.1% +2.3% +46.3% +78.0%
Low Vol (USMV) 95.99 +1.9% -0.1% +1.9% +3.5%
Size (SIZE) 177.25 +1.1% +1.5% +9.7% +15.9%
Dividend Growth (DGRO) 75.80 +1.3% +1.6% +9.2% +19.5%

Volatility

3 instruments
InstrumentLast1W1MYTD1Y
VIX 18.41 +12.3% +13.0% +23.1% +11.0%
VXN (Nasdaq vol) 30.82 +17.1% +31.8% +57.6% +62.3%
MOVE Bond Vol 66.79 +2.1% -5.8% +4.4% -25.3%

Rates

4 instruments
InstrumentLast1W1MYTD1Y
US 13W T-Bill 3.663 +0.1% +2.2% +3.3% -12.6%
US 5Y Yield 4.130 -2.2% -1.1% +11.0% +8.7%
US 10Y Yield 4.372 -1.8% -2.4% +5.0% +2.8%
US 30Y Yield 4.864 -0.8% -2.9% +0.5% +1.0%

Credit

4 instruments
InstrumentLast1W1MYTD1Y
US HY Credit (HYG) 79.83 -0.2% -0.4% -1.0% -0.7%
US IG Credit (LQD) 109.50 +0.4% +0.5% -0.6% +0.3%
US Agg Bond (AGG) 99.34 +0.4% +0.5% -0.5% +0.3%
US 20Y+ Treasury (TLT) 87.36 +0.7% +2.4% +0.2% -0.7%

FX

14 instruments
InstrumentLast1W1MYTD1Y
DXY Dollar Index 101.36 +0.5% +2.2% +3.1% +4.3%
EUR/USD 1.1362 -0.8% -2.2% -3.3% -2.8%
USD/JPY 161.8050 +0.3% +1.4% +3.4% +11.8%
GBP/USD 1.3188 -0.1% -1.7% -2.1% -3.9%
USD/CHF 0.8105 +0.7% +2.9% +2.4% +1.2%
USD/CNY 6.7900 +0.3% +0.2% -2.9% -5.3%
USD/INR 94.4004 +0.1% -1.7% +5.2% +10.2%
USD/KRW 1,546.4800 +0.6% +2.9% +7.6% +14.3%
USD/HKD 7.8396 +0.0% +0.1% +0.8% -0.1%
USD/CAD 1.4201 +0.4% +2.6% +3.7% +4.1%
USD/AUD 1.4492 +1.6% +3.4% -2.9% -5.1%
USD/BRL 5.1941 +0.2% +2.4% -5.2% -5.2%
USD/MXN 17.5099 +0.9% +0.7% -2.6% -7.3%
USD/SAR 3.7540 +3.1% +2.1% +0.2% +0.2%

Source: Exchange data via vendor feeds; ABI Analytics compilation.

Methodology & Sources

What's in the tape and where it came from

Pricing & cadence

Publication: every Monday at 08:00 IST with the prior Friday's closing prints. Where Friday is a market holiday, the most recent settlement is used as the anchor.

Indices: end-of-day exchange feeds for the 25 benchmark indices. Cash settlements where available; otherwise level. TOPIX uses an ETF proxy (1308.T) for chart continuity.

US sectors: SPDR Select Sector ETFs (XLE, XLB, XLI, XLY, XLP, XLV, XLF, XLK, XLC, XLU, XLRE) — the cleanest free read on GICS 11 dynamics.

Factors: iShares MSCI USA single-factor ETFs (MTUM, QUAL, VLUE, USMV, SIZE, DGRO).

Volatility: CBOE VIX/VXN; ICE BofA MOVE for Treasury vol.

Rates & FX: CBOE-quoted yield indices (^IRX/^FVX/^TNX/^TYX); spot FX pairs via vendor feeds. ICE Dollar Index for DXY.

Credit: iShares HYG/LQD/AGG/TLT as ETF proxies for high-yield, investment-grade and Treasury exposure.

How we read the tape

Four questions anchor every weekly read:

(i) Direction. Where did the major benchmarks finish vs. last week, month, year-start, year-on-year?

(ii) Breadth. Is the move concentrated (mega-cap tech only) or broad-based (Russell 2000, equal-weight, EM joining)?

(iii) Leadership. Which sectors and factors are working? What does that tell us about the regime — cyclical, defensive, growth, value?

(iv) Risk regime. Are vol gauges (VIX, MOVE) consistent with the equity tape, or is one diverging from the other?

Local-currency returns are shown alongside USD-translated returns for every non-USD index — the FX leg is often half the story for global allocators.

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