--- title: "Weekly Recap | TECS.US -0.13%, a ~12% weekly range" type: "News" locale: "en" url: "https://longbridge.com/en/news/302943904.md" description: "TECS.US closed at $62.35, down 0.13% on the week and about 0.34 percentage points ahead of the S&P 500. The fund swung widely, posting an 11.95% weekly range. It opened Monday at $59.17, pushed up to $63.02 intraday on Tuesday, then dropped to $56.96 on Wednesday before recovering into Thursday and Friday. Average daily volume was 373,466 shares, roughly in line with recent levels." datetime: "2026-10-24T04:55:24.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/302943904.md) - [en](https://longbridge.com/en/news/302943904.md) - [zh-HK](https://longbridge.com/zh-HK/news/302943904.md) generator: "portal-rs" --- # Weekly Recap | TECS.US -0.13%, a ~12% weekly range ## The Week TECS.US closed at $62.35, down 0.13% on the week and about 0.34 percentage points ahead of the S&P 500. The fund swung widely, posting an 11.95% weekly range. It opened Monday at $59.17, pushed up to $63.02 intraday on Tuesday, then dropped to $56.96 on Wednesday before recovering into Thursday and Friday. Average daily volume was 373,466 shares, roughly in line with recent levels. ## Spdr Select Tech This Week The underlying Spdr Select Tech (XLK.US) also ended the week down 0.13% at $183.23. It opened the week at $186.99, reached a weekly high of $189.11 on Wednesday, then fell to $181.50 on Thursday before a late bounce. The weekly range was 4.07%, much narrower than TECS.US. With average daily volume of 9.49 million shares, activity was notably above its recent median. ## Leverage & Decay TECS.US aims to deliver -3x the daily return of Spdr Select Tech, not -3x the weekly number. The underlying slipped 0.13% over the week, so a simple triple-inverse math would imply a +0.39% gain. In reality, TECS.US fell 0.13%, leaving a 0.52 percentage point gap. That gap comes from daily rebalancing. The underlying moved up early in the week, fell midweek, and bounced into Friday, which whipsawed the leveraged fund. Even in a modest week for the tech sector, the cost of holding a leveraged inverse product shows up in choppy conditions. ## Spdr Select Tech News The week’s tech headlines centred on AI names and valuation risk. Applied Materials swung sharply in after-hours trading, first up 3.15% and later down 3.18%. AMD and Intel both pulled back before their earnings, with some put options jumping 757% to 1,000%. Palantir rose 3.38% midweek as several institutions adjusted positions, and Microsoft expanded its AI-related work with Palantir. Nvidia also saw new institutional buying. The running theme was unease over AI build-out costs and whether tech valuations have run too far. ## The Week Ahead On 26 and 27 October, a batch of US macro data is due, including Dallas Fed manufacturing activity, durable goods orders, Case Shiller home prices, and consumer confidence. Consumer confidence printed 81.9 last time against a forecast of 81, and durable goods orders are expected at 1.5. On the earnings side, next week’s reports from large AI-related companies will test this week’s worries about cost and demand. Whether beaten-down semiconductor names can steady will also matter for the direction of the tech complex. ## In Short TECS.US finished almost flat in what was a turbulent week. The underlying Spdr Select Tech slipped just 0.13%, yet the fund underperformed its theoretical -3x week by 0.52 percentage points, showing how rebalancing drag bites in choppy markets. AI-cost nerves drove the back-and-forth across tech, and next week’s macro data plus key earnings will set the tone. For this product, the daily path of the underlying matters more than the weekly total. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [TECS.US](https://longbridge.com/en/quote/TECS.US.md) ## Related News & Research - [Omnicom Group Inc. $OMC Stock Sold by Asset Management One Co. Ltd.](https://longbridge.com/en/news/303850470.md) - [CME Group Inc. $CME Position Reduced by VIRGINIA RETIREMENT SYSTEMS ET Al](https://longbridge.com/en/news/303855055.md) - [Parcion Private Wealth LLC Acquires 14,182 Shares of Flex Ltd. $FLEX](https://longbridge.com/en/news/303854538.md) - [Bokf Na Purchases 20,274 Shares of The Estee Lauder Companies Inc. $EL](https://longbridge.com/en/news/303850728.md) - [Sumitomo Mitsui Trust Group Inc. Sells 30,195 Shares of GE Vernova Inc. $GEV](https://longbridge.com/en/news/303856773.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**