SPY returned -0.4% on the November 10, 2026 CPI release day. Sector results were mixed, and the earlier weeks tell a different story.
**The release-day decline was not the whole story**
SPY, an ETF An exchange-traded fund holds a basket of investments and trades on an exchange like a stock. that tracks a broad stock index A measure that tracks a selected group of investments., return The percentage gain or loss over a stated period.ed -0.4% on the November 10, 2026 CPI The Consumer Price Index measures changes in prices paid by consumers. release day.
Glossary
- ETF
- An exchange-traded fund holds a basket of investments and trades on an exchange like a stock.
- index
- A measure that tracks a selected group of investments.
- return
- The percentage gain or loss over a stated period.
- CPI
- The Consumer Price Index measures changes in prices paid by consumers.
Data table
| name | ret | series_role |
|---|---|---|
| 道瓊工業指數 ETF（DIA） | -0.3% | negative |
| 標普 500 指數 ETF（SPY） | -0.4% | negative |
| 那斯達克 100 指數 ETF（QQQ） | -0.7% | negative |
| 羅素 2000 小型股 ETF（IWM） | -0.7% | negative |
QQQ and IWM also fell that session, while DIA had the smallest decline among the funds shown.
Across the supplied monthlong comparison ending on the release day, QQQ posted a return of -5.3%.
IWM returned 4.3% over that same monthlong comparison, so its release-day decline sat alongside gains across the broader comparison period.
**A falling market did not mean every sector fell**
How far apart were the strongest and weakest sector funds on release day?
Actual1.7 pp
The gap between the strongest and weakest sector funds was 1.7 pp on November 10, 2026. That means percentage points: the distance between their percentage returns, not another fund's gain.
Show answer
1.7 pp The gap between the strongest and weakest sector funds was 1.7 pp on November 10, 2026. That means percentage points: the distance between their percentage returns, not another fund's gain.
Financials ETF (XLF) led the measured sector funds with a release-day return of 0.5% on November 10, 2026.
Data table
| name | ret | series_role |
|---|---|---|
| 金融類股 ETF（XLF） | 0.5% | positive |
| 能源類股 ETF（XLE） | 0.4% | positive |
| 通訊服務類股 ETF（XLC） | 0.4% | positive |
| 醫療保健類股 ETF（XLV） | 0.3% | positive |
| 必需消費類股 ETF（XLP） | 0.2% | positive |
| 非必需消費類股 ETF（XLY） | 0.0% | positive |
| 工業類股 ETF（XLI） | -0.1% | negative |
| 不動產類股 ETF（XLRE） | -0.1% | negative |
| 公用事業類股 ETF（XLU） | -0.1% | negative |
| 原物料類股 ETF（XLB） | -0.2% | negative |
| 科技類股 ETF（XLK） | -1.2% | negative |
Technology ETF (XLK) finished last with a return of -1.2% in that same session.
Energy and communication services also gained during the release-day session, alongside declines elsewhere in the sector chart.
For you, the practical distinction is between a broad market result and the separate results of funds focused on different businesses.
**The economic backdrop needs its own date label**
The available Treasury yield The annual rate of return implied by a government bond's price and payments. data runs through November 9, 2026, before the CPI release.
Glossary
- Treasury yield
- The annual rate of return implied by a government bond's price and payments.
The long-term Treasury yield stood at 4.88% on November 9, 2026.
That reading describes the bond market before the announcement, not a measured bond-market response to the announcement.
For the missing comparison month, the release states: 「The Oct 2025 data values are not available due to the 2025 lapse in appropriations.」
Risks
- A single session's move is often noise rather than a lasting signal.
- Markets respond to expectations, not just the announced figures.
- Economic releases are revised; the first reading is not final.
Sources
- FinMind USStockPrice QQQ — data as of 2026-11-11; fetched 2026-11-12 00:31 UTC; License note: FinMind open data; original source TWSE/TPEx or US exchanges
- FinMind USStockPrice DIA — data as of 2026-11-11; fetched 2026-11-12 00:31 UTC; License note: FinMind open data; original source TWSE/TPEx or US exchanges
- FinMind USStockPrice IWM — data as of 2026-11-11; fetched 2026-11-12 00:31 UTC; License note: FinMind open data; original source TWSE/TPEx or US exchanges
- FinMind USStockPrice SPY — data as of 2026-11-11; fetched 2026-11-12 00:31 UTC; License note: FinMind open data; original source TWSE/TPEx or US exchanges
- FinMind USStockPrice XLB — data as of 2026-11-11; fetched 2026-11-12 00:32 UTC; License note: FinMind open data; original source TWSE/TPEx or US exchanges
- FinMind USStockPrice XLC — data as of 2026-11-11; fetched 2026-11-12 00:31 UTC; License note: FinMind open data; original source TWSE/TPEx or US exchanges
- FinMind USStockPrice XLE — data as of 2026-11-11; fetched 2026-11-12 00:32 UTC; License note: FinMind open data; original source TWSE/TPEx or US exchanges
- FinMind USStockPrice XLF — data as of 2026-11-11; fetched 2026-11-12 00:32 UTC; License note: FinMind open data; original source TWSE/TPEx or US exchanges
- FinMind USStockPrice XLI — data as of 2026-11-11; fetched 2026-11-12 00:32 UTC; License note: FinMind open data; original source TWSE/TPEx or US exchanges
- FinMind USStockPrice XLK — data as of 2026-11-11; fetched 2026-11-12 00:31 UTC; License note: FinMind open data; original source TWSE/TPEx or US exchanges
- FinMind USStockPrice XLP — data as of 2026-11-11; fetched 2026-11-12 00:32 UTC; License note: FinMind open data; original source TWSE/TPEx or US exchanges
- FinMind USStockPrice XLRE — data as of 2026-11-11; fetched 2026-11-12 00:32 UTC; License note: FinMind open data; original source TWSE/TPEx or US exchanges
- FinMind USStockPrice XLU — data as of 2026-11-11; fetched 2026-11-12 00:32 UTC; License note: FinMind open data; original source TWSE/TPEx or US exchanges
- FinMind USStockPrice XLV — data as of 2026-11-11; fetched 2026-11-12 00:32 UTC; License note: FinMind open data; original source TWSE/TPEx or US exchanges
- FinMind USStockPrice XLY — data as of 2026-11-11; fetched 2026-11-12 00:32 UTC; License note: FinMind open data; original source TWSE/TPEx or US exchanges