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:
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.
S&P 500 Sector Graph
S&P 500 (SPY)
Consumer Discretionary (XLY)
Consumer Staples (XLP)
Real Estate (XLRE)
S&P 500 Sector Heat Map