Dow Hits 22k Behind Apple Earnings

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after Dow Hits 22k Behind Apple Earnings. 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:

https://www.cnbc.com/2017/08/01/apple-tech-stocks-soar-after-hours-set-to-lead-dow-to-22000-record-wednesday.html

The S&P 500 (SPY) rose by 0.05% today after Dow Hits 22k Behind Apple Earnings. S&P sector advancers tied decliners by 5 to 5. Financials (XLF), industrials (XLI), materials (XLB), technology (XLK) and utilities (XLU) all advanced less than 1%. Consumer discretionary (XLY), consumer staples (XLP), energy (XLE), healthcare (XLV) and real estate (XLRE) all declined less than 1%.

The Dow Jones industrial average notched another milestone on Wednesday, breaking above 22,000 for the first time. (CNBC) The 30-stock index rose 52.32 points to close at 22,16.24 with a boost from Apple’s stock, which surged 4.73 percent after posting quarterly results that blew expectations out of the water. (CNBC) The Nasdaq composite closed flat at 6,362.65 while the S&P 500 advanced 1.22 points to close at 2,477.57. (CNBC) The three major indexes have notched record highs this year largely in part because of strong quarterly results. (CNBC)

“It’s been a remarkable run as equity markets continue to defy expectations,” said Mark Heppenstall, CIO at Penn Mutual Asset Management. “I’d say [the market] is going up for the right reason, which is earnings. That’s supportive of valuations.” (CNBC)

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.

8/2/17

S&P 500 Sector Graph

Dow Hits 22k Behind Apple Earnings

S&P 500 (SPY)

Dow Hits 22k Behind Apple Earnings

Consumer Discretionary (XLY)

Dow Hits 22k Behind Apple Earnings

Consumer Staples (XLP)

Dow Hits 22k Behind Apple Earnings

Energy (XLE)

Dow Hits 22k Behind Apple Earnings

Financials (XLF)

Dow Hits 22k Behind Apple Earnings

Real Estate (XLRE)

Dow Hits 22k Behind Apple Earnings

Healthcare (XLV)

Dow Hits 22k Behind Apple Earnings

Industrials (XLI)

Dow Hits 22k Behind Apple Earnings

Materials (XLB)

Dow Hits 22k Behind Apple Earnings

Technology (XLK)

Dow Hits 22k Behind Apple Earnings

Utilities (XLU)

Dow Hits 22k Behind Apple Earnings

S&P 500 Sector Heat Map

Dow Hits 22k Behind Apple Earnings

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