The Power Index ranks the 11 S&P 500 sectors strictly by relative weekly performance against the benchmark. This update covers the full trading week from Monday, February 9 close to Friday, February 13 close, 2026. The S&P 500 declined 1.39%–1.4% over the period.
Hierarchy based on weekly percentage change relative to the index (strongest to weakest):
Utilities — +7.07% to +7.13% weekly gain, vaulting to clear #1 with dominant relative strength.
Real Estate — +3.86% to +3.87%, climbing sharply into second place.
Materials — +3.77%, solid advance to third.
Consumer Staples — +1.53% to +2.26%, moving up defensively.
Industrials — +0.61% to +0.81%, holding mid-tier position.
Health Care — +0.14% to -0.06%, near flat and stable.
Energy — neutral to slight lag, remaining in the middle pack.
Consumer Discretionary — -1.64%, slipping lower.
Communication Services — notable underperformance, dropping ranks.
Technology — -1.98% to heavier lag in some measures, falling toward the bottom.
Financials — -4.85%, the clearest drop to the lowest rank.
The top three positions are now firmly held by defensives and cyclicals: Utilities, Real Estate, and Materials. This marks a decisive positional shift where stability-oriented sectors have consolidated leadership. Technology and Financials anchor the bottom, reflecting reduced relative participation in growth and rate-sensitive areas.
The reordering captures the market's exact movement: capital has rotated visibly toward sectors less tied to high-duration uncertainty and more aligned with softer inflation signals (January CPI at 2.4% YoY, 10-year Treasury yield closing at 4.05%). No sector reversed trend mid-week; the hierarchy reflects persistent confirmation of defensive dominance over the full period.
This positional outcome stands alone as the signal. The Power Index shows a clear tilt in influence away from prior growth leaders toward broader, more resilient exposures. The benchmark's decline occurred amid this leadership change, underscoring rotation rather than uniform weakness.