Rising Bond Yields Send Stocks Lower

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after Rising Bond Yields Send Stocks Lower. 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:

http://www.cnbc.com/2017/07/06/us-stocks-yields-rise-tech.html

The S&P 500 (SPY) fell by 0.94% today as Rising Bond Yields Send Stocks Lower. All 10 sectors were in the red. Leading the sectors to the downside was real estate (XLRE) -1.81%, healthcare (XLV) -1.29%, energy (XLE) -1.11% and consumer discretionary (XLY) -1.02%.  Consumer staples (XLP), financials (XLF), industrials (XLI), materials (XLB), technology (XLK) and utilities (XLU) all fell less than 1%.

The Dow Jones industrial average finished the session 158.1 points lower at 21,320.04. UnitedHealth, Walt Disney, 3M and Apple had the greatest negative impact on the index. (CNBC) The Nasdaq composite closed 1 percent lower at 6,089.46. (CNBC)

Julian Emanuel, UBS equity and derivatives strategist, said in a note Wednesday that higher yields could present a problem for tech stocks near-term. Higher yields “will require superior earnings reports to halt the slide – the ‘Summer Squall’ for Tech and the ‘Summer Stall’ for the broad market could continue through July,” he said. (CNBC)

Tech — this year’s best-performing sector coming into Thursday’s session — has been sputtering lately, falling 4 percent over the past month. The sector was also on track for its fourth losing session in five and has been plagued by valuation concerns. (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: thebalance.com

S&P 500 Sector Graph

Rising Bond Yields Send Stocks Lower

S&P 500 (SPY)

Rising Bond Yields Send Stocks Lower

Consumer Discretionary (XLY)

Rising Bond Yields Send Stocks Lower

Consumer Staples (XLP)

Rising Bond Yields Send Stocks Lower

Energy (XLE)

Rising Bond Yields Send Stocks Lower

Financials (XLF)

Rising Bond Yields Send Stocks Lower

Real Estate (XLRE)

Rising Bond Yields Send Stocks Lower

Healthcare (XLV)

Rising Bond Yields Send Stocks Lower

Industrials (XLI)

Rising Bond Yields Send Stocks Lower

Materials (XLB)

Rising Bond Yields Send Stocks Lower

Technology (XLK)

Rising Bond Yields Send Stocks Lower

Utilities (XLU)

Rising Bond Yields Send Stocks Lower

S&P 500 Sector Heat Map

Rising Bond Yields Send Stocks Lower

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