Golden Arches Help Push Dow Higher
Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after the Golden Arches Help Push Dow 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) gained 0.12% today as the Golden Arches Help Push Dow Higher. S&P sector advancers led decliners by 8 to 2. Consumer staples (XLP), energy (XLE), financials (XLF), healthcare (XLV), materials (XLB), real estate (XLRE), technology (XLK) and utilities (XLU) all finished positive less than 1%. Only consumer discretionary (XLY) and industrials (XLI) fell today less than 1%.
The Dow Jones index was in the green by 40 points closing at 22,381. The Nasdaq inched up by 0.19% today ending at 6,453.
The main focal point from today’s session was the feel good sentiment that continued on the hopes tax reform will happen. The small cap index Russell 200 hit an all time high today. Many portfolio managers on CNBC have said they expect small cap stocks to outperform large cap stocks due to tax reform.
Some bright spots and standouts from today’s action included McDonald’s (MCD) popping more than 2% on an upgrade to buy from a research firm with expectations that the restaurant will top market estimates. Disney (DIS) was in the red by more than 1%
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