Stocks Fall Alongside Tech Selloff
Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after Stocks Fall Alongside Tech Selloff. 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) fell 0.81% today as Stocks Fall Alongside Tech Selloff. S&P sector decliners led advancers by 9 to 1. Leading the decliners to the downside was technology (XLK) -1.64% and utilities (XLU) -1.12%. Consumer discretionary (XLY), consumer staples (XLP), energy (XLE), healthcare (XLV), industrials (XLI), materials (XLB) and real estate (XLRE) all closed negative
less than 1%. Only financials (XLF) finished in the green less than 1%.
U.S. equities closed lower on Tuesday as large-cap technology stocks fell more than 1 percent, while a Senate vote delay raised heighten policy uncertainty. (CNBC) The Dow Jones industrial average pulled back about 90 points, with 3M and Apple leading decliners. The 30-stock index fell after multiple reports said the Senate will hold off on voting on a bill to repeal and replace Obamacare until after the July 4 recess. (CNBC) The Nasdaq composite underperformed, falling 1.6 percent, as shares of Google-parent Alphabet declined more than 2 percent. The EU fined Google a record $2.7 billion, as regulators ruled the company violated antitrust rules. (CNBC)
Shares of Facebook, Netflix and Amazon followed Alphabet lower, closing at least 1.5 percent lower. (CNBC) Technology stocks have been closely watched by Wall Street this year as the sector has outperformed. Entering Tuesday’s session, the sector had gained nearly 20 percent in 2017. (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