Oil Alongside Tech Extend Stocks Slump

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as oil alongside tech extend stocks slump. 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 falls more than 150 points, posts worst Thanksgiving week decline since 2011

Stocks fell on Friday as some of the most popular technology shares were under pressure once again, while a steep drop in oil prices also weighed on equities. The Dow Jones Industrial Average dropped 178.74 points to 24,285.95 while the S&P 500 pulled back 0.65 percent to 2,632.56.

The S&P 500 (SPY) dropped -0.66% on Friday. Sector decliners led advancers 8 to 3 as shown below in the sector graph. Energy (XLE) led decliners down with a -3.14% loss. Communication services (XLC) and materials (XLB) also lost more than 1%. Consumer discretionary (XLY), financials (XLF), industrials (XLI), real estate (XLRE) and technology (XLK) each suffered minor losses of less than 1%. Consumer staples (XLP), healthcare (XLV) and utilities each enjoyed small gains of less than 1%.

The Dow Jones index gave back 178 points (-0.73%) to close at 24,285. The Nasdaq subtracted 33 points (-0.48%) to settle at 6,938.

Oil Alongside Tech Extend Stocks Slump

Losses in oil and technology helped Wall Street finish lower on Friday. The popular “FAANG” (Facebook, Amazon, Apple, Netflix and Google) trade ended in the red. Energy (XLE) fell more than 3% as the price of WTI oil collapsed more than 6%.

Key Takeaway…

The following CNBC video is regarding Black Friday optimism:

Black Friday brings optimism to retail

Jim Fallon, Women’s Wear Daily editorial director, Dana Telsey, Telsey Advisory Group CEO, Jurrien Timmer of Fidelity Investments, and Jan Kniffen of J.Rogers Kniffen WWE join ‘Squawk Box’ to discuss optimism in the retail industry as shoppers go out for Black Friday shopping.

Notable S&P Movers…

I’ve highlighted below some notable S&P movers (both winners & losers).

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.

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11/23/18

S&P 500 Sector Graph

Oil Alongside Tech Extend Stocks Slump

S&P 500 (SPY)

Oil Alongside Tech Extend Stocks Slump

Communication Services (XLC)

Oil Alongside Tech Extend Stocks Slump

Consumer Discretionary (XLY)

Oil Alongside Tech Extend Stocks Slump

Consumer Staples (XLP)

Oil Alongside Tech Extend Stocks Slump

Energy (XLE)

Oil Alongside Tech Extend Stocks Slump

Financials (XLF)

Oil Alongside Tech Extend Stocks Slump

Real Estate (XLRE)

Oil Alongside Tech Extend Stocks Slump

Healthcare (XLV)

Oil Alongside Tech Extend Stocks Slump

Industrials (XLI)

Oil Alongside Tech Extend Stocks Slump

Materials (XLB)

Oil Alongside Tech Extend Stocks Slump

Technology (XLK)

Oil Alongside Tech Extend Stocks Slump

Utilities (XLU)

Oil Alongside Tech Extend Stocks Slump

S&P 500 Sector Heat Map

Oil Alongside Tech Extend Stocks Slump

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