Earnings Season Brings Next Catalyst
Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as Earnings Season Brings Next Catalyst. 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) slipped 0.18% today as Earnings Season Brings Next Catalyst. S&P sector decliners led advancers by 6 to 4. Consumer discretionary (XLY), consumer staples (XLP), financials (XLF), healthcare (XLV), industrials (XLI) and materials (XLB) all fell lower by less than 1%. Energy (XLE), real estate (XLRE), technology (XLK) and utilities (XLU) all were in the green today by less than 1%.
The Dow Jones index lost 12 points falling to 22,761. The Nasdaq was in the red by 10 points closing at 6,579.
The main focal point coming from today’s session was the fact that earnings season starts later this week with financials. With Columbus Day today, the bond market was closed and stocks traded on light volume. Some financials reporting earnings this week include Bank of America, Citigroup and Wells Fargo.
Some bright spots and standouts from today’s action included Johnson & Johnson (JNJ). The stock finished positive on the day after being upgraded by Wells Fargo. Walmart (WMT) popped almost 2% today as the company promised to improve its returns experience by offering 30 second returns in stores.
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