Dow Extends Losing Streak Despite Oil Gain

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as Dow extends losing streak despite oil gain. 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:

US stocks expected to tumble at the open, as trade tensions escalate

U.S. stock index futures fell deep into the red ahead of Monday’s open, after the U.S. and China announced new tariffs against one another. Around 5:35 a.m. ET, Dow futures slipped 147 points, indicating a negative open of 148.48 points. The Nasdaq and the S&P 500 futures also indicated a negative start to the session for their respective markets.

The S&P 500 (SPY) closed -0.21% lower today. Sector decliners led advancers 8 to 3 as shown below in the sector graph. Consumer staples (XLP) -1.44% led decliners down. Consumer discretionary (XLY), financials (XLF), healthcare (XLV), industrials (XLI), materials (XLB) and real estate (XLRE) each had minor losses of less than 1%. Energy (XLE) led advancers with a 1% gain. Technology (XLK) and utilities (XLU) each had small gains of less than 1%.

The Dow Jones index gave back 103 points (-0.41%) to finish at 24,987. The Nasdaq settled on the flatline, gaining 0.65 (less than 1 point) (+0.01%) to close at 7,747.

Dow Extends Losing Streak Despite Oil Gain

The Dow Jones index extended its losing streak to 5 days despite oil’s gain as trade worries linger. US crude finished the day up +1.2% at $65.85 as the oil market waits for the OPEC meeting.

Key takeaway…

The following is a CNBC screenshot taken this morning regarding market headwinds:

Dow Extends Losing Streak Despite Oil Gain

Notable S&P movers…

Below I’ve highlighted the notable S&P movers (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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6/18/18

S&P 500 Sector Graph

Dow Extends Losing Streak Despite Oil Gain

S&P 500 (SPY)

Dow Extends Losing Streak Despite Oil Gain

Consumer Discretionary (XLY)

Dow Extends Losing Streak Despite Oil Gain

Consumer Staples (XLP)

Dow Extends Losing Streak Despite Oil Gain

Energy (XLE)

Dow Extends Losing Streak Despite Oil Gain

Financials (XLF)

Dow Extends Losing Streak Despite Oil Gain

Real Estate (XLRE)

Dow Extends Losing Streak Despite Oil Gain

Healthcare (XLV)

Dow Extends Losing Streak Despite Oil Gain

Industrials (XLI)

Dow Extends Losing Streak Despite Oil Gain

Materials (XLB)

Dow Extends Losing Streak Despite Oil Gain

Technology (XLK)

Dow Extends Losing Streak Despite Oil Gain

Utilities (XLU)

Dow Extends Losing Streak Despite Oil Gain

S&P 500 Sector Heat Map

Dow Extends Losing Streak Despite Oil Gain

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