Stocks Keep Moving Forward Amid Washington Noise
Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after Stocks Keep Moving Forward Amid Washington Noise. 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) rose by 0.06% today as Stocks Keep Moving Forward Amid Washington Noise. S&P sector advancers and decliners finished tied 5 to 5. Consumer discretionary (XLY), consumer staples (XLP), healthcare (XLV), technology (XLK) and utilities (XLU) all closed positive less than 1%. Energy (XLE), financials (XLF), industrials (XLI), materials (XLB) and real estate (XLRE) finished lower less than 1%.
The Nasdaq composite rose 0.5 percent as Netflix shares soared more than 13 percent to an all-time high. The index also hit a record high in late-Tuesday trading and was notched an eight-day winning streak, its longest since February 2015. (CNBC) The Dow Jones industrial average fell about 55 points, pressured by shares of Goldman Sachs. (CNBC)
Wall Street also turned its eyes towards Washington, after two more Republican senators announced Monday that they would oppose the current Republican health care bill. (CNBC) “Entering the year, there was some euphoria [in the market] surrounding the [Trump] agenda, but now that has subsided a bit,” said Minh Trang, senior FX trader at Silicon Valley Bank. “There were expectations that things would get done, but not much has been done.” (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