This is the close brief for Thu, Aug 13, 2026. View latest

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Close Edition. Thursday, August 13, 2026

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$46.37
+0.39%

Headline

S&P 500 closes at a record as softer inflation and broad sleeve gains lift XEQT 0.39%

XEQT closed at $46.37, up 0.39% on the session, with all four regional sleeves finishing in positive territory. Gains built through the afternoon from what was already a positive midday picture, as the U.S. sleeve extended its lead behind strength in technology and communication services. The session's backdrop included a softer-than-expected U.S. inflation reading and a meaningful drop in crude oil, helping lift sentiment and push the S&P 500 to a record close. Canada reversed an earlier deficit to end modestly higher, adding to the breadth of the day's advance.

How large is today's move?

Typical day · Today's +0.39% move is 0.6× the 20-day average move.

This scale measures size, not what to do. Larger moves are a normal part of holding a global all-equity fund.

The Regions

  • Canada

    25.59% of XEQT

    • XIC.TO
    +0.27% +0.07 pts to XEQT

    Canada's sleeve gained 0.27%, recovering from negative territory at midday to end the session on the right side of flat. Information technology rose 3.29% among the sectors tracked, more than offsetting a 2.23% decline in materials, with financials and energy both contributing modest positive ground. The TSX composite added nearly 100 points on the day, with technology gains doing most of the work.

    Canada market region icon

  • United States

    45.06% of XEQT

    • XTOT.TO
    • ITOT
    +0.56% +0.25 pts to XEQT

    The U.S. sleeve rose 0.56% and supplied roughly 64% of XEQT's total gain. Among the sectors tracked, technology advanced 1.01% and communication services rose 2.07%, together accounting for the bulk of the sleeve's contribution. Softer inflation data and a drop in crude oil supported sentiment, and the S&P 500 notched a record closing high.

    United States market region icon

  • Intl Developed

    24.43% of XEQT

    • XEF.TO
    +0.26% +0.06 pts to XEQT

    The international developed sleeve added 0.26%, contributing 0.064 percentage points to the fund. Japan was the clearest positive driver among tracked markets, rising 0.70%, with the broader Topix supported by strong earnings and rotation into non-chip names. European markets were mixed: the Netherlands gained 1.03% and Germany closed little changed, while the UK, France, Australia, and Spain each posted modest declines in the tracked exposures.

    Intl Developed market region icon

  • Emerging Mrkts

    4.70% of XEQT

    • XEC.TO
    +0.16% +0.01 pts to XEQT

    The emerging markets sleeve gained 0.16%, though sharp divergence defined the session within tracked exposures. Taiwan rose 1.24% and South Korea advanced 1.56% among the markets covered, together providing strong positive ground, while China fell 1.20% and offset a portion of those gains. The sleeve's contribution to XEQT was modest at 0.007 percentage points, reflecting the offsetting pulls within the region.

    Emerging Markets market region icon

Colored bars represent biggest contributors to XEQT's move today (threshold = ±0.1 percentage points). Returns are daily ETF price moves for tracked regional or sector categories and may differ slightly from raw index movements.

The Hold Line

Four sleeves finishing positive on a day when softer inflation data and a record S&P 500 close reinforced the same thesis reflects a portfolio that absorbed good news broadly rather than concentrating it. The U.S. sleeve did the heavy lifting, but Canada's late recovery and continued gains in international developed markets meant that the day's gains were genuine in their reach. What stands out is that XEQT's close-of-session figure built on what was already in place by midday, rather than relying on a late burst, suggesting the session was settled and directionally consistent throughout.

Signals

  • 01

    U.S. tech and comms lead gains

    U.S. technology rose 1.01% and communication services gained 2.07% among the sectors tracked within the U.S. sleeve, together generating the session's single largest bloc of within-sleeve contribution. For an XEQT holder, the concentration of U.S. returns in these two sectors means the fund's largest sleeve remains reliant on growth-oriented segments continuing to perform, a pattern worth monitoring if sentiment around rate expectations shifts.

  • 02

    Crude oil falls, equities hold

    WTI crude oil, a benchmark for global energy prices, fell 2.46% on the session, helping ease inflation concerns and supporting risk appetite across equity markets. Canada's energy sector still advanced 0.77% among the tracked exposures, suggesting the drop in crude was not large enough to fully offset domestic producer strength, though a sustained move lower in oil would eventually pressure the sleeve's largest sector weights.

  • 03

    EM split: Asia tech vs China drag

    South Korea and Taiwan each rose meaningfully among the tracked parts of the emerging markets sleeve, yet China's 1.20% decline pulled in the opposite direction and left the sleeve's net contribution to XEQT at just 0.007 percentage points. The divergence highlights how concentration in a few large economies can mute what looks like strong regional momentum, and XEQT holders should expect this internal offsetting to continue on days with mixed Asian signals.

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Event Window

Key events from the last 20 days

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Jul 16 to Aug 13 · $44.86 → $46.37

+3.37%