Massive Selloff Forces Stock Market Correction

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after a massive selloff forces stock market correction. 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:

Dow futures open 132 points lower as Wall Street adds to Friday’s losses

U.S. stock futures opened sharply lower on Sunday as Wall Street added to the large losses set last week. Dow Jones industrial average futures fell 132 points, while S&P 500 and Nasdaq 100 futures declined 13 points and 26.25 points, respectively. The major U.S.

The S&P 500 (SPY) dropped a whopping 4% today as a massive selloff forces stock market correction. All 10 sectors were in the red by at least more than 1%. 9 out of the 10 sectors had a more than 2% loss on the day.

The Dow Jones index fell into correction territory giving back 1,175 points in one session ending at 24,345. The Nasdaq was a blood bath losing 273 points closing at 6,967.

Stocks dropped off a steep decline as the selloff continued from Friday.  The Dow lost a jaw dropping 1,175 points today falling below 25,000. The S&P 500 had its worst day in six years and gave back all its gains from this year. Stocks needed to take a break, they can’t go straight up as certain ones blew past price targets one after another…ex. Amazon.

It was a sea of red across the board today. Notable losers in the S&P 500 included MSFT -4%, FB almost -5%, BRK.B almost -6%, JNJ -5%, XOM almost -6% and GOOGL -5%.

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.

2/5/18

S&P 500 Sector Graph

Massive Selloff Forces Stock Market Correction

S&P 500 (SPY)

Massive Selloff Forces Stock Market Correction

Consumer Discretionary (XLY)

Massive Selloff Forces Stock Market Correction

Consumer Staples (XLP)

Massive Selloff Forces Stock Market Correction

Energy (XLE)

Massive Selloff Forces Stock Market Correction

Financials (XLF)

Massive Selloff Forces Stock Market Correction

Real Estate (XLRE)

Massive Selloff Forces Stock Market Correction

Healthcare (XLV)

Massive Selloff Forces Stock Market Correction

Industrials (XLI)

Massive Selloff Forces Stock Market Correction

Materials (XLB)

Massive Selloff Forces Stock Market Correction

Technology (XLK)

Massive Selloff Forces Stock Market Correction

Utilities (XLU)

Massive Selloff Forces Stock Market Correction

S&P 500 Sector Heat Map

Massive Selloff Forces Stock Market Correction

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