Geopolitics Leave Stocks Mixed
Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after Geopolitics Leave Stocks Mixed. 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) inched 0.06% up today as Geopolitics Leave Stocks Mixed. S&P sector decliners tied advancers by 5 to 5. Consumer staples (XLP), financials (XLF), materials (XLB), real estate (XLRE) and utilities (XLU) all fell less than 1%. Consumer discretionary (XLY), energy (XLE), healthcare (XLV), industrials (XLI) and technology (XLK) all gained less than 1%.
The Dow Jones index dropped 9 points falling to 22,349. The Nasdaq was in the green by 4 points ending at 6,426.
One of the main focal points from today’s session is the heightened geopolitical tensions between the United States and North Korea. On Thursday, North Korea threatened to test a hydrogen bomb over the Pacific Ocean. North Korean leader Kim Jong Un criticized President Trump’s United Nations address, calling it, “unprecedented rude nonsense.”
Some bight spots and standouts from today’s action included oil services company Schlumberger jumped more than 1% as oil ticked 11 cents higher on the day. The energy ETF (XLE) is 7.8% higher in the past month. Interest rate sensitive REITs such as American Tower continue to take it on the chin, slipping another 1% as the Fed will likely raise rates before year end.
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