Big technology stocks drove the Nasdaq Composite to a weekly gain of 0.44% as the Dow Jones Industrial Average and Russell 2000 finished the week in negative territory, according to Stock Preachers market commentary. The S&P 500 also slipped 0.31% for the week despite a 0.69% jump on Friday.
The Dow Jones Industrial Average closed at 51,094.96 on Friday, up 0.33% on the day but down 1.42% for the week. Its RSI14 indicator stood at 38.1, which the commentary noted signals a weakening trend. The Nasdaq Composite rose 1.18% on Friday to close at 27,188.02. The Russell 2000 index gained 0.97% on the day to reach 2,833.74, but remained down 0.13% for the week.
Volatility measures showed mixed signals during the trading period. The CBOE Volatility Index, or VIX, fell to 15.58, down 0.81 points on the day and 0.49 points for the week. In contrast, the Nasdaq-100 Volatility Index closed at 21.93, down 0.58 points on Friday but up 1.06 points for the week.
Commodity prices moved in different directions as crude oil dropped while precious metals eased. WTI crude oil fell 2.48% on Friday and 2.19% for the week to settle at $90.57 per barrel. Natural gas rose 1.69% on the day to $3.02 per MMBtu. Gold declined 0.85% on Friday to $4,166.60 per ounce and was essentially flat for the week, while silver fell 1.33% for the week to $60.40 per ounce.
Fixed income markets saw a slight increase in yields, with the US 10-year Treasury yield rising 2 basis points on Friday and 8 basis points for the week to reach 5.26%. The euro weakened 0.64% against the US dollar on Friday.
Corporate news from the week highlighted significant developments in defense and industrial sectors. Raytheon, a business unit of RTX Corp., secured a five-year contract with two option years valued at up to $24.4 billion for Standard Missile-6 interceptors to increase availability for the U.S. Navy. Phil Jasper, Raytheon President, stated that the company is removing constraints and boosting capacity to meet demand for the multi-mission munition.
Integra LifeSciences Holdings Corp. lowered its full-year 2026 revenue guidance to a range of $1.634 billion to $1.654 billion, down from a prior range of $1.654 billion to $1.695 billion, citing the impact of a July flooding event at its Cincinnati facility. The company also reduced its adjusted earnings per diluted share guidance for the year to $2.30 to $2.40 from $2.40 to $2.50.
Trilogy Metals Inc. reported a cash balance of $31.2 million as of August 31, 2026, following the closing of a $35.6 million strategic equity investment from the Department of War on September 11, 2026. The company posted third-quarter net income of $0.2 million, a reversal from a net loss of $1.7 million in the same period last year.
Phillips Edison & Company Inc., a real estate investment trust, increased its gross acquisitions guidance for full-year 2026 to a range of $600 million to $700 million from $500 million to $600 million while reaffirming its earnings outlook.
Axogen Inc. completed its acquisition of BioCircuit Technologies, adding NerveTape to its portfolio as the first FDA-cleared device for sutureless peripheral nerve repair.