Apple Weakness Leaves Dow Flat

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as Apple weakness leaves Dow flat. Stocks in heat map are based on the top 10 holdings of each sector ETF. Click on each picture to zoom in. Below is a summary of today’s action on Wall Street provided by CNBC:

Dow erases 200-point gain as Apple falls

The Dow Jones Industrial Average closed Wednesday’s session just below the flatline, erasing a 200-point jump, as shares of Apple failed to hold on to strong gains from earlier in the day. The 30-stock index ended the day down just 0.95 points as it lost steam heading into the close.

The S&P 500 (SPY) rose +0.30% today. Sector advancers led decliners 8 to 4 as shown below in the sector graph. Energy (XLE) led advancers higher with a gain of +1.57%. Communication services (XLC) and consumer discretionary (XLY) also had gains of more than 1%. Financials (XLF), industrials (XLI), materials (XLB) and technology (XLK) each had minor gains of less than 1%. Utilities (XLU) led decliners with a loss of -1.48%. Consumer staples (XLP), healthcare (XLV) and real estate (XLRE) each suffered small losses of less than 1%.

The Dow Jones index ended just below the flatline, losing -0.95 points (+0.00) to close at 24,464. The Nasdaq advanced +63 points (+0.92%) to settle at 6,972.

Apple Weakness Leaves Dow Flat

Apple (AAPL) gave up a gain of 2.1% during the trading session on Wednesday leaving the Dow flat for the day. Tech’s downward pressure sent all 3 major averages down by at least 3% for the week.

Key Takeaway…

I took the following CNBC screenshot this morning regarding growing but slowly:

Apple Weakness Leaves Dow Flat

Notable S&P Movers…

Below I’ve highlighted some notable S&P movers (both winners & losers).

Credit: Sector Graph provided by Sector SPDR app. Sector breakdown provided by Charles Schwab. Sector heat map provided by finviz. Information Credit: News Headlines and quotes were taken from CNBC in the writing of this post.

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11/21/18

S&P 500 Sector Graph

Apple Weakness Leaves Dow Flat

S&P 500 (SPY)

Apple Weakness Leaves Dow Flat

Communication Services (XLC)

Apple Weakness Leaves Dow Flat

Consumer Discretionary (XLY)

Apple Weakness Leaves Dow Flat

Consumer Staples (XLP)

Apple Weakness Leaves Dow Flat

Energy (XLE)

Apple Weakness Leaves Dow Flat

Financials (XLF)

Apple Weakness Leaves Dow Flat

Real Estate (XLRE)

Apple Weakness Leaves Dow Flat

Healthcare (XLV)

Apple Weakness Leaves Dow Flat

Industrials (XLI)

Apple Weakness Leaves Dow Flat

Materials (XLB)

Apple Weakness Leaves Dow Flat

Technology (XLK)

Apple Weakness Leaves Dow Flat

Utilities (XLU)

Apple Weakness Leaves Dow Flat

S&P 500 Sector Heat Map

Apple Weakness Leaves Dow Flat

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