Lower Geopolitical Tensions Spark Relief Rally

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after Lower Geopolitical Tensions Spark Relief Rally. 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/2017/08/14/geopolitics-and-earnings-remain-front-and-center-for-wall-street.html

The  S&P 500 (SPY) climbed 1% today as Lower Geopolitical Tensions Spark Relief Rally. S&P sector advancers led decliners by 9 to 1. Advancers were led by by real estate (XLRE) +1.66%, technology (XLK) +1.59%, financials (XLF) +1.37% and industrials (XLI) +1.05%. Consumer discretionary (XLY), consumer staples (XLP), healthcare (XLV), materials (XLB) and utilities (XLU) all rose less than 1%. Energy (XLE) was the only sector in the red, falling less than 1%.

The Dow Jones industrial average rose 135.39 points to end at 21,993.71, with Goldman Sachs, Apple and Boeing contributing the most gains. (CNBC) The Nasdaq composite outperformed, rising 1.34 percent to 6,340.23, as shares of Tesla, Amazon and Facebook all rose. (CNBC) “What we’re seeing is a bit of a relief rally,” said Peter Cardillo, chief market economist at First Standard Financial. “The reason for that is the rhetoric [between North Korea and the U.S.] has toned down, for the moment.” (CNBC)

Secretary of State Rex Tillerson and U.S. Secretary of Defense James Mattis stated that the current U.S. administration would continue to pursue diplomatic resolutions with Pyongyang. On Sunday, the two U.S. officials wrote in a commentary piece published in the Wall Street Journal that “the U.S. has no interest in regime change or accelerated reunification of Korea.” (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. Photo Credit: CNN.com

S&P 500 Sector Graph

Lower Geopolitical Tensions Spark Relief Rally

S&P 500 (SPY)

Lower Geopolitical Tensions Spark Relief Rally

Consumer Discretionary (XLY)

Lower Geopolitical Tensions Spark Relief Rally

Consumer Staples (XLP)

Lower Geopolitical Tensions Spark Relief Rally

Energy (XLE)

Lower Geopolitical Tensions Spark Relief Rally

Financials (XLF)

Lower Geopolitical Tensions Spark Relief Rally

Real Estate (XLRE)

Lower Geopolitical Tensions Spark Relief Rally

Healthcare (XLV)

Lower Geopolitical Tensions Spark Relief Rally

Industrials (XLI)

Lower Geopolitical Tensions Spark Relief Rally

Materials (XLB)

Lower Geopolitical Tensions Spark Relief Rally

Technology (XLK)

Lower Geopolitical Tensions Spark Relief Rally

Utilities (XLU)

Lower Geopolitical Tensions Spark Relief Rally

S&P 500 Sector Heat Map

Lower Geopolitical Tensions Spark Relief Rally

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