Hurricane Jobs Report Leaves Stocks Mixed
Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after the Hurricane Jobs Report Leaves 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) was in the red by 0.11% as the Hurricane Jobs Report Leaves Stocks Mixed. S&P sector decliners led advancers by 7 to 3. Consumer staples (XLP), energy (XLE), healthcare (XLV), industrials (XLI), materials (XLB), real estate (XLRE) and utilities (XLU) all ended up negative on the day by less than 1%. Consumer discretionary (XLY), financials (XLF) and technology (XLK) all turned out gains by less than 1%.
The Dow Jones index lost about 2 points closing at 22,773. The Nasdaq squeaked past a gain of 5 points finishing at 6,590.
The main focal point from today’s action was the fact the US lost 33,000 jobs in September according the the September jobs report which was released this morning. The lost of jobs in September was due to the fact that Hurricanes Irma and Harvey hit our country recently. A weak jobs report was expected as the hurricanes threw the numbers out of whack.
Some bright spots and standouts from today’s session included Amazon (AMZN) gaining a little less than 1% on the reports that the company is mulling the idea of getting into prescription drug sales. As a result of this news, top drug store chains such as CVS Health (CVS) and Walgreens (WBA) both were down more than 4%.
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