Slight Tech Recovery Leaves Stocks Mixed
Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after Slight Tech Recovery Leaves Stocks Mixed. 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:
The S&P 500 (SPY) inched up 0.01% today after Slight Tech Recovery Leaves Stocks Mixed. S&P sector advancers tied decliners 5 to 5. Consumer discretionary (XLY), consumer staples (XLP), industrials (XLI), real estate (XLRE) and technology (XLK) all were positive less than 1%. Energy (XLE), financials (XLF), healthcare (XLV), materials (XLB) and utilities (XLU) all were negative less than 1%.
The Dow Jones index slipped 11 points today falling to 22,284. The Nasdaq lost 9 points closing at 6,380.
Fed Chairwoman Janet Yellen said in a speech Tuesday that the FOMC may have overstated the strength of the labor market and inflation, meaning the Fed might be more accommodating than previously stated. Yellen also warned against moving too gradually increasing rates might have “adverse implications for financial stability.”
The main focal point from today’s session was the slight recovery in tech versus the selloff in tech yesterday. Apple (AAPL) popped more than 1% after falling recently after releasing the latest versions of the iPhone. Facebook (FB) was positive today after selling off yesterday following news of Russian backed ads influencing the election.
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