Corporate News Lead Stocks Higher

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after Corporate News Lead Stocks Higher. 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:

Stocks open higher after Wal-Mart announces $20 billion buyback, Honeywell unveils spin-off

Brendan McDermid | Reuters “There’s been some pressure from Corporate America to improve performance, and I think this is a reflection of that,” said Maris Ogg, president at Tower Bridge Advisors. “Also, bigger companies tend to be harder to manage and grow.”

The S&P 500 (SPY) gained 0.23% today after Corporate News Lead Stocks Higher. S&P sector advancers led decliners by 9 to 1. The only sector that declined was consumer discretionary (XLY), fell less than 1%. Utilities (XLU) (+0.97%) finished a little less than 1% higher, leading the sectors for today.

The Dow Jones index climbed 60 points today closing at 22,830. The Nasdaq added 7 points ending the day at 6,587.

The main focal point from today’s session was the flurry of corporate news, from Walmart’s new $20 billion stock buyback plan to Honeywell’s plan to spin off two divisions into separate companies, corporate news filled the headlines today. Pfizer is also reportedly mulling the spin off of its consumer products division.

Some bright spots and standouts from today’s action included Walmart (WMT) rallying over 4% on its new $20 billion stock buyback plan and growth from its online business. The high dividend yielding utility sector (XLU) continues to get a strong bid as many of the sector’s top 10 holdings were gained more than 1% today.

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.

10/10/17

S&P 500 Sector Graph

Corporate News Lead Stocks Higher

S&P 500 (SPY)

Corporate News Lead Stocks Higher

Consumer Discretionary (XLY)

Corporate News Lead Stocks Higher

Consumer Staples (XLP)

Corporate News Lead Stocks Higher

Energy (XLE)

Corporate News Lead Stocks Higher

Financials (XLF)

Corporate News Lead Stocks Higher

Real Estate (XLRE)

Corporate News Lead Stocks Higher

Healthcare (XLV)

Corporate News Lead Stocks Higher

Industrials (XLI)

Corporate News Lead Stocks Higher

Materials (XLB)

Corporate News Lead Stocks Higher

Technology (XLK)

Corporate News Lead Stocks Higher

Utilities (XLU)

Corporate News Lead Stocks Higher

S&P 500 Sector Heat Map

Corporate News Lead Stocks Higher

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