Earnings Beat Lead Stocks Higher
Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after Earnings Beat 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:
The S&P 500 (SPY) rose by 0.29% today as Earnings Beat Lead Stocks Higher. S&P sector advancers led decliners by 6 to 4. Advancers were led by energy (XLE) +1.26%, financials (XLF) +1.24% and materials (XLB) +1.07%. Consumer discretionary (XLY), consumer staples (XLP) and real estate (XLRE) all were positive less than 1%. Healthcare (XLV), industrials (XLI), technology (XLK) and utilities (XLU) all were negative less than 1%.
The Dow Jones industrial average rose 100.26 points to close at 21,613.43, with Caterpillar and McDonald’s contributing the most gains.(CNBC) Caterpillar posted bottom-line results that topped estimates, sending its shares higher. General Motors and McDonald’s also saw their shares climb after reporting quarterly results. However, 3M posted weaker-than-expected results, sending the stock down 6 percent. Shares of 3M shaved off 73 points from the Dow. (CNBC) The Nasdaq composite rose just 0.02 percent but managed intraday and closing records. The index finished the session at 6,412.17. (CNBC)
“The majority of companies that have reported have beaten” the Street, said Nick Raich, CEO of The Earnings Scout. “If there is a negative in these numbers, and this was expected, is that the earnings growth rate has declined from the first quarter.” (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