Equities Finish Higher Alongside Retail Earnings

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after Equities Finish Higher Alongside Retail 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/2017/08/07/us-stocks-dow-earnings.html

The S&P 500 inched 0.16% higher today as Equities Finish Higher Alongside Retail Earnings. S&P sector advancers led decliners by 7 to 3. Consumer discretionary (XLY), consumer staples (XLP), healthcare (XLV), industrials (XLI), materials (XLB), technology (XLK) and utilities (XLU) all closed positive less than 1%. Energy (XLE), financials (XLF) and real estate (XLRE) all dropped less than 1%.

The Dow Jones industrial average hit intraday and closing records on Monday, adding to last week’s record-setting performance. (CNBC) The 30-stock index rose 25.61 points to close at 22,118.42 with a lift from Boeing and Goldman Sachs, which contributed most of the gains. The Dow also posted its ninth straight record close. (CNBC) The Nasdaq composite outperformed, rising 0.51 percent to close at 6,383.77. (CNBC)

This week will be filled with retail companies releasing quarterly results, including Michael Kors, Macy’s and Nordstrom. Media giants Disney and News Corp are also slated to report this week. (CNBC) Calendar second-quarter earnings have grown 10.1 percent as of Friday, according to data from FactSet. S&P Capital IQ originally forecast earnings to grow by 6.2 percent. (CNBC)

Equities have had a stellar year. In 2017, the S&P and the Nasdaq have climbed 10.6 percent and 17.9 percent, respectively. The Dow has also advanced 11.8 percent entering Monday’s session. (CNBC) “It’s really hard to see anything that could send the market for a stumble,” said Bruce McCain, chief investment strategist at Key Private Bank. “Earnings have been pretty good. … At some point we’re going to hit a roadblock but right now it’s hard to see what that will be.” (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.

8/7/17

S&P 500 Sector Graph

Equities Finish Higher Alongside Retail Earnings

S&P 500 (SPY)

Equities Finish Higher Alongside Retail Earnings

Consumer Discretionary (XLY)

Equities Finish Higher Alongside Retail Earnings

Consumer Staples (XLP)

Equities Finish Higher Alongside Retail Earnings

Energy (XLE)

Equities Finish Higher Alongside Retail Earnings

Financials (XLF)

Equities Finish Higher Alongside Retail Earnings

Real Estate (XLRE)

Equities Finish Higher Alongside Retail Earnings

Healthcare (XLV)

Equities Finish Higher Alongside Retail Earnings

Industrials (XLI)

Equities Finish Higher Alongside Retail Earnings

Materials (XLB)

Equities Finish Higher Alongside Retail Earnings

Technology (XLK)

Equities Finish Higher Alongside Retail Earnings

Utilities (XLU)

Equities Finish Higher Alongside Retail Earnings

S&P 500 Sector Heat Map

Equities Finish Higher Alongside Retail Earnings

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