Stocks Falter Following Interest Rate Decision

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as stocks falter following interest rate decision. 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:

US futures point to a slightly lower open as investors focus on Fed decision

U.S. stock futures suggested a slight negative open as markets take a breather from the rally post U.S.-midterm results. At around 3:55 a.m. ET, Dow futures were seen 7 points lower, indicating a slight higher open of 30 points. Futures on the S&P 500 and Nasdaq were also seen relatively lower on Thursday morning.

The S&P 500 (SPY) lost -0.25% today. Sector decliners led advancers 6 to 5. Decliners were led down by energy (XLE) -2.17%. Communication services (XLC), industrials (XLI), materials (XLB), technology (XLK) and utilities (XLU) each lost less than 1%. Consumer discretionary (XLY), consumer staples (XLP), financials (XLF), healthcare (XLV) and real estate (XLRE) each gained less than 1%.

The Dow Jones index gained a minimal 10 points (+0.04%) to settle at 26,191. The Nasdaq subtracted 39 points (-0.53%) to close at 7,530.

Stocks Falter Following Interest Rate Decision

Stocks closed lower on Thursday following the latest Fed interest rate decision. The Federal Reserve kept rates unchanged, however did say it expects “further gradual increases.” 

Key Takeaways…

I took the following CNBC screenshots this morning regarding FAANG recovery from October lows and the economy signals from the November FOMC meeting:

Stocks Falter Following Interest Rate Decision

Stocks Falter Following Interest Rate Decision

Notable S&P Movers…

Below I’ve highlighted some notable S&P movers (both winner & 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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11/8/18

S&P 500 Sector Graph

Stocks Falter Following Interest Rate Decision

S&P 500 (SPY)

Stocks Falter Following Interest Rate Decision

Communication Services (XLC)

Stocks Falter Following Interest Rate Decision

Consumer Discretionary (XLY)

Stocks Falter Following Interest Rate Decision

Consumer Staples (XLP)

Stocks Falter Following Interest Rate Decision

Energy (XLE)

Stocks Falter Following Interest Rate Decision

Financials (XLF)

Stocks Falter Following Interest Rate Decision

Real Estate (XLRE)

Stocks Falter Following Interest Rate Decision

Healthcare (XLV)

Stocks Falter Following Interest Rate Decision

Industrials (XLI)

Stocks Falter Following Interest Rate Decision

Materials (XLB)

Stocks Falter Following Interest Rate Decision

Technology (XLK)

Stocks Falter Following Interest Rate Decision

Utilities (XLU)

Stocks Falter Following Interest Rate Decision

S&P 500 Sector Heat Map

Stocks Falter Following Interest Rate Decision

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