Materials Plus Tech Lead Stocks Higher
Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after materials plus tech lead stocks 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:
Andrew Renneisen | Getty Images Material stocks perked up in late-afternoon trading on news that President Donald Trump plans to unveil an infrastructure spending plan in 2018. Shares of Martin Marietta Materials, Vulcan Materials and Eagle Materials rose 3.5 percent, 3.1 percent and 2.4 percent, respectively.
The S&P 500 (SPY) rose 0.29% today as materials plus tech lead stocks higher. S&P sector advancers led decliners by 9 to 1. 9 sectors finished with a gain of less than 1%. The only sector that was down on the day was consumer staples (XLP) which dropped less than 1%.
The Dow Jones index added 70 points finishing the day at 24,211. The Nasdaq, which was helped by tech advanced 36 points closing at 6,812.
Some focal points from today included the tech sector posting a 3 day win streak after cooling down the past week by nearly 1%. Material stocks got a positive bid today after news came out that President Trump is going to unveil an infrastructure plan in 2018. Finally, investors looked for final clues for the tax reform bill. Both chambers from the House and Senate are working on the bill together to send to the White House for President Trump’s signature.
Some standouts from today’s session was big cap tech. Facebook (FB) +2% and Google (GOOGL) +1% led fellow FANG stocks with their respective gains. Financial tech stock Visa (V) had a strong day with a 1% gain.
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