Stocks Rise Alongside Retail Surge
Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after Stocks Rise Alongside Retail Surge. 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) nudged higher today by 0.19% as Stocks Rise Alongside Retail Surge. S&P sector advancers led by 7 to 3. Consumer discretionary (XLY), consumer staples (XLP), energy (XLE), financials (XLF), healthcare (XLV), real estate (XLRE) and technology (XLK) all rose less than 1%. Industrials (XLI), materials (XLB) and utilities (XLU) all fell less than 1%.
The Dow Jones industrial average rose 20.95 points, notching a record close at 21,553.09. Wal-Mart, Goldman Sachs and Apple contributed the most gains on the Dow. (CNBC) The Nasdaq composite closed 0.2 percent higher at 6,274.44, as shares of Snap jumped 2.9 percent. The Dow transports, meanwhile, hit a record high earlier in the session. (CNBC)
Shares of Target climbed 4.8 percent after the company said it expects “modest increase” in second-quarter comparable-store sales, a metric closely watched by Wall Street for retail stocks. (CNBC) “Target’s news is a much-needed breath of fresh air for retailers,” said Adam Sarhan, CEO of 50 Park Investments. (CNBC) The SPDR S&P Retail exchange-traded fund (XRT) gained 2.3 percent and posted its best trading day of the year. Shares of Wal-Mart, Kohl’s, Costco and Macy’s rose as well. (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