The Week in Brief
- S&P 500 gained 0.47% to $769.35; Russell 2000 fell 1.40% as breadth turned negative with 1,235 decliners
- Technology sector ETF rose 1.30%, led by Salesforce up 22.4% on a 78.44% EPS beat and AI headlines
- Gold fell 3.42% and crude oil dropped 3.67%; Treasuries added 1.01%
- Abercrombie & Fitch rose 36.2% after a 20.48% earnings beat; DICK'S Sporting Goods fell 26.3% on a miss
- 742 stocks advanced versus 1,235 decliners; median stock fell 0.79%
Major U.S. equity indexes posted modest gains for the week ending August 28, with the S&P 500 rising 0.47% to close at $769.35 and the Nasdaq-100 adding 0.42% to $716.43. The Dow Jones Industrial Average outperformed with a 0.53% gain to $535.06, while small-caps lagged as the Russell 2000 fell 1.40% to $295.75.
Breadth was negative across the 2,005-stock universe screened, with 1,235 decliners outnumbering 742 advancers and the median stock falling 0.79%. Twenty-year Treasuries gained 1.01% to close at $82.88, while commodities weakened as gold fell 3.42% to $408.89 and crude oil dropped 3.67% to $129.70.
Index & Asset Scoreboard
Weekly price change of the major index and asset-class ETFs, Friday close to Friday close.
| Instrument | Aug 28 close | Week |
|---|---|---|
| S&P 500 (SPY) | $769.35 | ▲+0.47% |
| Nasdaq-100 (QQQ) | $716.43 | ▲+0.42% |
| Dow Jones (DIA) | $535.06 | ▲+0.53% |
| Russell 2000 (IWM) | $295.75 | ▼-1.40% |
| 20+ Yr Treasuries (TLT) | $82.88 | ▲+1.01% |
| Gold (GLD) | $408.89 | ▼-3.42% |
| Crude Oil (USO) | $129.70 | ▼-3.67% |
Sector Rotation
Technology led sector performance with the XLK ETF rising 1.30%, followed by Financials up 1.08%. At the bottom, Industrials fell 1.73%, Energy dropped 1.51%, and Health Care declined 1.98%. Sector breadth data showed the weakness extended beyond the index weights: in Health Care, only 94 of 305 stocks advanced with an average move of -1.68%, while Industrials saw just 77 of 325 stocks rise with an average decline of -2.32%. Even in Technology, breadth was poor with only 128 of 267 stocks advancing despite the sector ETF's gain, reflecting concentrated leadership.
Left: the ten SPDR sector ETFs ranked by weekly price change. Right: breadth inside each sector across the screened universe — how many of its stocks rose, and the average move.
| Sector ETF | Week |
|---|---|
| Technology (XLK) | ▲+1.30% |
| Financials (XLF) | ▲+1.08% |
| Utilities (XLU) | ▼-0.09% |
| Consumer Staples (XLP) | ▼-0.63% |
| Materials (XLB) | ▼-0.67% |
| Consumer Disc. (XLY) | ▼-0.69% |
| Real Estate (XLRE) | ▼-1.33% |
| Energy (XLE) | ▼-1.51% |
| Industrials (XLI) | ▼-1.73% |
| Health Care (XLV) | ▼-1.98% |
| Sector (stocks) | Adv / Total | Avg move |
|---|---|---|
| Financials | 170 / 345 | +0.07% |
| Communication | 41 / 78 | -0.06% |
| Utilities | 35 / 61 | -0.22% |
| Information Technology | 128 / 267 | -0.49% |
| Consumer Staples | 40 / 88 | -0.59% |
| Materials | 35 / 96 | -0.94% |
| Real Estate | 23 / 114 | -1.17% |
| Energy | 34 / 100 | -1.29% |
| Consumer Discretionary | 64 / 224 | -1.49% |
| Health Care | 94 / 305 | -1.68% |
| Industrials | 77 / 325 | -2.32% |
Top 10 Winners
$CRM (Salesforce Inc, Information Technology) rose 22.39% to $256.00 after reporting an EPS beat with a 78.44% surprise; a tracked headline from August 28 stated "Software Is An AI Trade Now." The move lifted Salesforce's market capitalization to $168.2 billion. $CRWD (CrowdStrike Holdings Inc) added 13.78% to $218.40 on a 3.82% earnings beat, while $NOW (ServiceNow Inc) gained 12.63% to $144.71 alongside a tracked headline noting "Even After A 22% Pop, You Know That Salesforce Is Still Undervalued."
On the downside, $VISN (Vistance Networks Inc, Information Technology) fell 45.94% to $6.06 with no earnings event listed. Among large-caps, $PYPL (PayPal Holdings Inc, Financials) declined 12.82% to $53.66 and was noted in a tracked headline about "Friday's pre-market session: top gainers and losers in the S&P500 index." $MRVL (Marvell Technology Inc) fell 8.61% to $216.62 after posting an EPS miss of -0.30%.
Largest weekly gains among US-listed stocks with market cap above $1B and share price above $5. Context shows the week's earnings result and latest tracked headline where available.
Biggest gainers · Aug 21–Aug 28
| Symbol | Week | Context |
|---|---|---|
| ANFAbercrombie & Fitch Co$148.42 | ▲+36.15% | EPS beat +20.5% |
| OKTAOkta Inc$166.23 | ▲+23.01% | EPS beat +6.4% |
| CRMSalesforce Inc$256.00 | ▲+22.39% | EPS beat +78.4%Software Is An AI Trade Now |
| ASSTStrive Inc$21.74 | ▲+19.32% | EPS miss -283.8% |
| INBXInhibrx Biosciences Inc$123.41 | ▲+19.09% | EPS beat +4.0% |
| GAPGap Inc$23.48 | ▲+18.59% | EPS beat +7.0% |
| WBTNWebtoon Entertainment Inc$10.24 | ▲+16.36% | — |
| ESTCElastic NV$99.91 | ▲+16.26% | EPS beat +17.5% |
| CNXCConcentrix Corp$29.38 | ▲+15.67% | — |
| CRWDCrowdStrike Holdings Inc$218.40 | ▲+13.78% | EPS beat +3.8% |
Top 10 Losers
Largest weekly declines on the same screen.
Biggest decliners · Aug 21–Aug 28
| Symbol | Week | Context |
|---|---|---|
| VISNVistance Networks Inc$6.06 | ▼-45.94% | — |
| DKSDICK'S Sporting Goods Inc$135.09 | ▼-26.27% | EPS miss -7.1% |
| DYDycom Industries Inc$294.34 | ▼-25.09% | EPS beat +8.9% |
| AEHRAehr Test Systems$80.81 | ▼-20.56% | — |
| BETABETA Technologies Inc$20.16 | ▼-18.51% | — |
| AGXArgan Inc$417.74 | ▼-16.72% | — |
| QBTSD-Wave Quantum Inc$16.99 | ▼-16.67% | — |
| BURLBurlington Stores Inc$272.95 | ▼-16.40% | EPS beat +33.0% |
| LUNRIntuitive Machines Inc$15.37 | ▼-16.10% | — |
| ORKAOruka Therapeutics Inc$91.14 | ▼-15.58% | — |
Large-Cap Movers
The same ranking restricted to companies above $50B in market cap — the names most likely to sit in index funds and 401(k)s.
Large-cap gainers
- CRMSalesforce Inc · $168.2B▲+22.39%
- CRWDCrowdStrike Holdings Inc · $193.8B▲+13.78%
- NOWServiceNow Inc · $130.1B▲+12.63%
- SNPSSynopsys Inc · $80.8B▲+11.24%
- FTNTFortinet Inc · $112.6B▲+8.14%
Large-cap decliners
- PYPLPayPal Holdings Inc · $52.6B▼-12.82%
- MRVLMarvell Technology Inc · $210.5B▼-8.61%
- FIXComfort Systems USA Inc · $58.3B▼-8.27%
- BSXBoston Scientific Corp · $75.4B▼-7.01%
- SNDKSandisk Corp · $239.0B▼-6.96%
Earnings Movers
Eighty-four screened companies reported earnings during the week, with reactions diverging sharply from the results themselves. $ANF (Abercrombie & Fitch Co) led all gainers with a 36.15% rise to $148.42 after a 20.48% EPS beat. $OKTA (Okta Inc) added 23.01% on a 6.42% beat. Notably, $ASST (Strive Inc, Health Care) rose 19.32% despite an EPS miss of -283.82%. On the losing side, $DKS (DICK'S Sporting Goods Inc) fell 26.27% to $135.09 on a 7.13% earnings miss, while $DY (Dycom Industries Inc) dropped 25.09% despite posting an 8.91% EPS beat. $BURL (Burlington Stores Inc) declined 16.40% even after a 33.05% earnings surprise, illustrating that beats alone did not guarantee positive reactions.
84 companies in the screen reported quarterly results this week. These are the largest weekly moves among them, with the EPS surprise that accompanied them.
Biggest gains after reporting
| Symbol | Act / Est | Surprise | Week |
|---|---|---|---|
| ANFAbercrombie & Fitch Co | $2.42$2.01 | +20.5% | ▲+36.15% |
| OKTAOkta Inc | $1.05$0.99 | +6.4% | ▲+23.01% |
| CRMSalesforce Inc | $5.90$3.31 | +78.4% | ▲+22.39% |
| ASSTStrive Inc | $-3.65$1.99 | -283.8% | ▲+19.32% |
| INBXInhibrx Biosciences Inc | $-2.34$-2.44 | +4.0% | ▲+19.09% |
Biggest declines after reporting
| Symbol | Act / Est | Surprise | Week |
|---|---|---|---|
| DKSDICK'S Sporting Goods Inc | $3.53$3.80 | -7.1% | ▼-26.27% |
| DYDycom Industries Inc | $5.29$4.86 | +8.9% | ▼-25.09% |
| BURLBurlington Stores Inc | $2.96$2.22 | +33.0% | ▼-16.40% |
| SLSSellas Life Sciences Group Inc | $-0.05$-0.05 | -9.9% | ▼-14.55% |
| PEverpure Inc | $0.70$0.59 | +18.7% | ▼-13.96% |
Methodology & Disclaimer
Data. All figures come from Money365.Market's own daily price, earnings and analyst-recommendation records, captured at each US close. Returns are price returns from the Aug 21 close to the Aug 28 close; dividends are excluded.
Screen. 2,005 US-listed common stocks with market capitalization of at least $1B and a closing price of at least $5, with prices on at least three of the week's 5 trading days. ETFs and funds are excluded from the stock rankings.
Adjustments. Weekly moves are compounded from daily changes and cross-checked against closing prices; where the two disagree (stock splits, data corrections) the smaller move is used and the row is marked with an asterisk. This week: AVB, IESC.
Narrative. The short prose sections were drafted by an AI model from the verified data above only, then checked automatically for number and ticker traceability, editorial tone and FCA financial-promotion wording before publication.
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