Stocks Fly Alongside Boeing Earnings

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after stocks fly alongside Boeing earnings. 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 rebound from Tuesday’s selloff, ahead of Fed minutes, and Microsoft, Facebook, eBay earnings

U.S. stock index futures bounced back ahead of Wednesday’s open, as investors awaited the decision from the latest Federal Open Market Committee (FOMC) monetary policy meeting. In the previous session, U.S. stocks finished deep into the red, as the first major sell-off of 2018 strengthened.

The S&P 500 (SPY) rose 0.05% today as stocks fly alongside Boeing earnings. S&P sector advancers led decliners by 7 to 3. Advancers were led by real estate (XLRE) +2% and utilities (XLU) +1%. Energy (XLE), financials (XLF), industrials (XLI), materials (XLB) and technology (XLK) all gained on the day by less than 1%. Healthcare (XLV) led decliners to the downside with a loss of more than 1%. Consumer discretionary (XLY) and consumer staples (XLP) fell by less than 1%.

The Dow Jones index turned in a modest gain of 72 points closing at 26,149. The Nasdaq added 9 points above the flatline finishing at 7,411.

Major indexes finished with positive gains on the final trading day of the month as both the Dow and the S&P 500 had their best monthly performances since March 2016. Averages briefly turned negative as the Fed left rates unchanged but did say they expect inflation to move up this year. Stocks came back from a 2 day selloff as Boeing impressed and blew up estimates in reporting their quarterly results.

MSFT +2% gain enough to help technology (XLK) finish with a minimal gain. AMZN almost added another 1%. As mentioned above, BA almost posted a 5% gain on the day. Both real estate (XLRE) and utilities (XLU) showed solid gains today, improving from their recent struggles with rising rates. The XLRE’s top 10 holdings all finished in the green with 9 closing with 1% or more gains. The XLU’s top 10 holdings all posted gains with 5 popping more than 1%. On the downside, all of the healthcare (XLV) top 10 holdings closed in the red with 7 losing more than 1% after President Trump said in his State of the Union he would fight high drug costs.

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.

1/31/18

S&P 500 Sector Graph

Stocks Fly Alongside Boeing Earnings

S&P 500 (SPY)

Stocks Fly Alongside Boeing Earnings

Consumer Discretionary (XLY)

Stocks Fly Alongside Boeing Earnings

Consumer Staples (XLP)

Stocks Fly Alongside Boeing Earnings

Energy (XLE)

Stocks Fly Alongside Boeing Earnings

Financials (XLF)

Stocks Fly Alongside Boeing Earnings

Real Estate (XLRE)

Stocks Fly Alongside Boeing Earnings

Healthcare (XLV)

Stocks Fly Alongside Boeing Earnings

Industrials (XLI)

Stocks Fly Alongside Boeing Earnings

Materials (XLB)

Stocks Fly Alongside Boeing Earnings

Technology (XLK)

Stocks Fly Alongside Boeing Earnings

Utilities (XLU)

Stocks Fly Alongside Boeing Earnings

S&P 500 Sector Heat Map

Stocks Fly Alongside Boeing Earnings

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