Solid Jobs Report Lifts Stocks
Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after a Solid Jobs Report Lifts Stocks. 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) was positive today by 0.64% as a Solid Jobs Report Lifts Stocks. S&P sector advancers led decliners by 8 to 2. Leading the advancers was technology (XLK) +1.16%. Consumer discretionary (XLY), financials (XLF), healthcare (XLV), industrials (XLI), materials (XLB), real estate (XLRE) and utilities (XLU) all were in the green by less than 1%. Consumer staples (XLP) and energy (XLE) were the only sectors negative today by less than 1%.
U.S. stocks closed higher on Friday on the back of stronger-than-expected employment data. (CNBC) The Dow Jones industrial average rose 94.30 points to close at 21,414.34, with McDonald’s contributing the most gains. The 30-stock index briefly traded more than 100 points higher. (CNBC) The Nasdaq composite outperformed, advancing 1.04 percent to 6,153.08. (CNBC)
The U.S. economy added 222,000 jobs in June, the Labor Department said. Economists polled by Reuters expected an increase of 179,000. The unemployment rate ticked higher to 4.4 percent from 4.3 percent. Wage growth — which is viewed as a measure of inflation — rose by just 0.2 percent, however. (CNBC) Investors paid attention for the wage growth data as the Federal Reserve is expected to raise interest rates once more this year. The central bank also intends to unwind its massive $4.5 trillion balance sheet. (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.
S&P 500 Sector Graph
S&P 500 (SPY)
Consumer Discretionary (XLY)
Consumer Staples (XLP)
Real Estate (XLRE)
S&P 500 Sector Heat Map