# Daily Market Scan — 2026-04-24

## Executive read

Today was a semiconductor-led tape: SMH printed +5.10% (1D pct_rank 98.02) and XLK +2.81% (1D pct_rank 97.62), pulling Nasdaq Comp +1.63% while the Dow slipped -0.16% and defensives lagged (XLV -1.41%, XLF -0.73%). The dominant 1-week theme is a split market — semis and energy (USO +14.10% on the week) extending while financials, healthcare and consumer discretionary went red — but the 1-month picture is broadly risk-on, with US sector breadth at 6/8 positive and A-share breadth at 5/5. The 6-month regime is one of strong cyclicals and tech leadership (SMH +49.57%, XLE +29.54%, ChiNext +24.95%) alongside a deep Hang Seng Tech drawdown (-18.35%) and weak long bonds (TLT -5.81%); over 1Y every US sector tracked is positive and SMH is up +154.61% (pct_rank 99.6).

## Today (1D)

- Semis and broad tech led: SMH +5.10% (pct_rank 98.02) and XLK +2.81% (pct_rank 97.62), with Nasdaq Comp +1.63% (pct_rank 94.05) versus S&P 500 +0.80% and Dow Jones -0.16%.
- Defensives and financials sold off: XLV -1.41% (pct_rank 7.14), XLF -0.73% (pct_rank 16.27), XLI -0.92%, XLP -0.30%; XLE essentially flat at -0.19%.
- China onshore was mixed-to-soft while EM ex-China caught a bid: SSE Composite -0.33%, CSI 300 -0.35%, ChiNext -1.41%, SZSE Component -0.69%, but STAR 50 +1.47% and EEM +2.23% (pct_rank 96.03); FXI +1.01%, Hang Seng +0.24%, Hang Seng Tech +0.75%.
- Macro tape: USO -1.72%, GLD +0.51%, UUP -0.18%, TLT +0.18%, IBIT -0.07%, US 10Y Yield -0.69%, VXX +0.98% — small-cap risk on with Russell 2000 +0.41%.

## This week (1W)

- Energy complex dominated weekly returns: USO +14.10% (pct_rank 95.63), XLE +3.36% (pct_rank 82.14), while SMH +9.11% (pct_rank 94.44) and XLK +3.80% extended the semis-tech bid.
- Defensives and financials lagged: XLV -3.10% (pct_rank 3.97), XLF -1.93% (pct_rank 13.49), XLY -1.43%; Dow Jones -0.44% and Russell 2000 +0.32% trailed Nasdaq Comp +1.50% and S&P 500 +0.55%.
- China and Hong Kong were uneven: SSE Composite +0.70%, CSI 300 +0.86%, STAR 50 +2.13%, SZSE Component +0.37%, ChiNext -0.29%; Hang Seng -0.70% and Hang Seng Tech -2.79% (pct_rank 17.46); FXI -1.97%.
- Macro: GLD -2.84% (pct_rank 12.30), TLT -0.41%, UUP +0.44%, US 10Y Yield +1.17%; VXX +2.80% (pct_rank 80.95) and IBIT +0.18%.

## This month (1M)

- Semis and tech led broad gains: SMH +26.92% (pct_rank 98.81), XLK +17.15% (pct_rank 96.43), Nasdaq Comp +13.25% (pct_rank 94.84) and S&P 500 +8.70% (pct_rank 95.24).
- Sector breadth was strong (6/8 positive) but uneven: XLY +7.19%, XLI +4.46%, XLF +4.22%, XLP +2.11%; XLE -6.11% (pct_rank 3.97) and XLV -1.41% lagged.
- China onshore breadth was 5/5 positive: ChiNext +10.58%, STAR 50 +10.51%, SZSE Component +8.26%, CSI 300 +5.11%, SSE Composite +3.77%; Hang Seng +6.54% (pct_rank 90.87) and Hang Seng Tech +4.03%.
- Macro: USO +16.77% (pct_rank 87.30), EEM +11.01% (pct_rank 97.22), IBIT +9.58% (pct_rank 82.54), GLD +4.07%; UUP -0.79%, TLT -0.15%, US 10Y Yield -2.49%, VXX -13.02%.

## Half-year (6M)

- Energy, semis and EM cyclicals are the dominant 6M theme: USO +87.46% (pct_rank 97.22), SMH +49.57% (pct_rank 87.30), XLE +29.54% (pct_rank 89.29), EEM +17.47%, ChiNext +24.95%.
- US sector breadth is 6/8 positive but financials and healthcare have lagged: XLI +12.82%, XLK +12.24%, XLP +4.38%, XLY +0.03%; XLF -1.93% (pct_rank 15.08) and XLV -1.22%.
- China is bifurcated: SZSE Component +17.74%, ChiNext +24.95%, STAR 50 +6.64%, CSI 300 +5.65%, SSE Composite +6.25% — but Hang Seng +0.35% (pct_rank 10.71), Hang Seng Tech -18.35% (pct_rank 7.94) and FXI -7.25% (pct_rank 11.11).
- Macro: GLD +14.84%, US 10Y Yield +8.56% (pct_rank 98.81), TLT -5.81% (pct_rank 8.73), IBIT -28.08% (pct_rank 23.41), UUP -1.51%, VXX -13.02%.

## Year (1Y)

- SMH +154.61% (pct_rank 99.6) and XLK +61.81% (pct_rank 98.81) led; Nasdaq Comp +48.65% (pct_rank 97.62), Russell 2000 +45.41%, S&P 500 +33.28% and Dow Jones +24.30%, with all 8 US sectors positive over the trailing year.
- Energy and EM were strong: USO +94.56% (pct_rank 99.21), XLE +40.00%, EEM +48.13% (pct_rank 95.24); China onshore was firm — SZSE Component +53.16%, ChiNext +92.99%, STAR 50 +46.66%, CSI 300 +27.69%, SSE Composite +26.56%.
- Hong Kong lagged: Hang Seng +21.29% (pct_rank 17.46) and Hang Seng Tech -2.25% (pct_rank 13.89); FXI +8.96% (pct_rank 11.90).
- Vol/macro: VXX -56.43% (pct_rank 4.37), GLD +42.68%, IBIT -17.26% (pct_rank 15.08), TLT -0.70%, UUP +0.15% (pct_rank 98.02), US 10Y Yield -2.27%.

## News context

_(No news headlines available — historical backfill; the RSS news corpus is 7-day-rolling and does not cover this date.)_

## Data issues

None.

## Snapshot & multi-horizon returns

### US equity (indices)

| Instrument | Last | 1D | 1W | 1M | 3M | 6M | 1Y | YTD |
|---|---:|---:|---:|---:|---:|---:|---:|---:|
| S&P 500 | 7,165 | +0.80% | +0.55% | +8.70% | +3.61% | +6.95% | +33.28% | +4.47% |
| Nasdaq Comp | 24,837 | +1.63% | +1.50% | +13.25% | +5.68% | +9.22% | +48.65% | +6.89% |
| Dow Jones | 49,231 | -0.16% | -0.44% | +6.03% | +0.27% | +5.67% | +24.30% | +1.75% |
| Russell 2000 | 276.65 | +0.41% | +0.32% | +9.86% | +4.47% | +13.69% | +45.41% | +11.20% |
| VIX (VXX) | 29.79 | +0.98% | +2.80% | -13.02% | +12.29% | -13.02% | -56.43% | +14.14% |

### US sectors

| Instrument | Last | 1D | 1W | 1M | 3M | 6M | 1Y | YTD |
|---|---:|---:|---:|---:|---:|---:|---:|---:|
| XLK (Tech) | 160.22 | +2.81% | +3.80% | +17.15% | +10.43% | +12.24% | +61.81% | +11.03% |
| XLF (Financials) | 51.42 | -0.73% | -1.93% | +4.22% | -3.11% | -1.93% | +7.75% | -6.39% |
| XLE (Energy) | 56.87 | -0.19% | +3.36% | -6.11% | +15.61% | +29.54% | +40.00% | +24.58% |
| XLV (Healthcare) | 144.18 | -1.41% | -3.10% | -1.41% | -8.45% | -1.22% | +6.23% | -7.29% |
| XLY (Cons Disc) | 118.69 | +0.81% | -1.43% | +7.19% | -3.61% | +0.03% | +24.73% | +0.29% |
| XLP (Cons Staples) | 83.23 | -0.30% | +0.93% | +2.11% | +0.39% | +4.38% | +1.79% | +7.13% |
| XLI (Industrials) | 172.47 | -0.92% | -0.60% | +4.46% | +5.02% | +12.82% | +36.67% | +9.17% |
| SMH (Semis) | 506.44 | +5.10% | +9.11% | +26.92% | +26.58% | +49.57% | +154.61% | +35.67% |

### China A-shares

| Instrument | Last | 1D | 1W | 1M | 3M | 6M | 1Y | YTD |
|---|---:|---:|---:|---:|---:|---:|---:|---:|
| SSE Composite | 4,080 | -0.33% | +0.70% | +3.77% | -0.54% | +6.25% | +26.56% | +1.40% |
| SZSE Component | 14,940 | -0.69% | +0.37% | +8.26% | +4.62% | +17.74% | +53.16% | +8.04% |
| CSI 300 | 4,769 | -0.35% | +0.86% | +5.11% | +0.79% | +5.65% | +27.69% | +1.09% |
| ChiNext | 3,668 | -1.41% | -0.29% | +10.58% | +9.13% | +24.95% | +92.99% | +11.33% |
| STAR 50 | 1,454 | +1.47% | +2.13% | +10.51% | -3.99% | +6.64% | +46.66% | +3.58% |

### Hong Kong

| Instrument | Last | 1D | 1W | 1M | 3M | 6M | 1Y | YTD |
|---|---:|---:|---:|---:|---:|---:|---:|---:|
| Hang Seng | 25,978 | +0.24% | -0.70% | +6.54% | -2.21% | +0.35% | +21.29% | -1.37% |
| Hang Seng Tech | 4,902 | +0.75% | -2.79% | +4.03% | -14.74% | -18.35% | -2.25% | -14.54% |

### Global macro

| Instrument | Last | 1D | 1W | 1M | 3M | 6M | 1Y | YTD |
|---|---:|---:|---:|---:|---:|---:|---:|---:|
| UUP (USD index) | 27.48 | -0.18% | +0.44% | -0.79% | +2.12% | -1.51% | +0.15% | +1.36% |
| GLD (Gold) | 433.25 | +0.51% | -2.84% | +4.07% | -5.40% | +14.84% | +42.68% | +8.78% |
| USO (WTI Crude) | 132.40 | -1.72% | +14.10% | +16.77% | +79.04% | +87.46% | +94.56% | +92.00% |
| TLT (20Y+ UST) | 86.71 | +0.18% | -0.41% | -0.15% | -1.39% | -5.81% | -0.70% | -0.37% |
| IBIT (Bitcoin) | 44.02 | -0.07% | +0.18% | +9.58% | -13.18% | -28.08% | -17.26% | -13.58% |
| EEM (EM equity) | 63.74 | +2.23% | +0.16% | +11.01% | +7.91% | +17.47% | +48.13% | +13.34% |
| FXI (China lg-cap) | 36.86 | +1.01% | -1.97% | +2.39% | -6.54% | -7.25% | +8.96% | -7.43% |
| US 10Y Yield | 4.3100 | -0.69% | +1.17% | -2.49% | +2.13% | +8.56% | -2.27% | +2.86% |

### Breadth & risk-on

| Horizon | US sectors + | A-shares + | risk_on_score |
|---|---:|---:|---:|
| 1D | 3/8 | 1/5 | 1 |
| 1W | 4/8 | 4/5 | -1 |
| 1M | 6/8 | 5/5 | 3 |
| 3M | 5/8 | 3/5 | 1 |
| 6M | 6/8 | 5/5 | 3 |
| 1Y | 8/8 | 5/5 | 3 |