By Park-Elm|2026-10-01T18:07:08+00:00October 1st, 2026|Markets|
- U.S. equities continued to march upwards in Q3, propelled by strong corporate fundamentals and economic growth. Shrugging off Treasury yields soaring to multi-year highs, ongoing geopolitical concerns, and worries over the sustainability of the AI trade, the S&P 500® closed the quarter up 2%.
- In a reversal from the trends observed in Q2, mega-caps outperformed, with the S&P 500 Top 50 up 4% in Q3. Mid and small caps underperformed large caps, with the S&P MidCap 400® and S&P SmallCap 600® down 6% and 8%, respectively.
- Thanks to the tailwind of rising crude oil prices, Energy led with a 17% gain. Rate-sensitive Utilities were the laggard, down 12%.
