Stocks Surge Despite Strong Inflation Data

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after stocks surge despite strong inflation data. 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 stocks set to rally at the open as traders wait for the all-important inflation data

Michael Nagle | Bloomberg | Getty Images U.S. stock index futures posted sharp gains ahead of Wednesday’s open, building upon the solid rise seen during the previous trading session. Around 5:00 a.m. ET, Dow futures were up 116 points, indicating a rise of 133.55 points at the open.

The S&P 500 (SPY) rose 1.34% today as stocks surge despite strong inflation data. S&P sector advancers led decliners by 7 to 3. Advancers were led to the upside by financials (XLF) +2.38%. The rest of the advancers each gained at least 1%. Utilities (XLU) had a 1% loss to lead the decliners. Consumer staples (XLP) and real estate (XLFRE) had minimal losses of less than 1%.

The Dow Jones index popped more than 1% closing at 24,893. The Nasdaq had similar success adding more than 1% settling at 7,143.

The Dow added 253 points today as investors fended off stronger than expected inflation data as stocks posted a 4 day win streak. Volatility continues with the Dow losing as much as 150 intraday before settling higher at the close. The consumer price index (CPI) rose 0.5% in January compared to an estimate gain of 0.3%. Inflation leads to higher interest rates as the 10 year bond yield hit a 4 year high above 2.91%.

A quick rundown of notable movers in the S&P 500…

  • AAPL +1%
  • MSFT +1%
  • AMZN +2%
  • FB +3%
  • JPM +2%
  • GOOGL +1%
  • NFLX +3%

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.

2/14/18

S&P 500 Sector Graph

Stocks Surge Despite Strong Inflation Data

S&P 500 (SPY)

Stocks Surge Despite Strong Inflation Data

Consumer Discretionary (XLY)

Stocks Surge Despite Strong Inflation Data

Consumer Staples (XLP)

Stocks Surge Despite Strong Inflation Data

Energy (XLE)

Stocks Surge Despite Strong Inflation Data

Financials (XLF)

Stocks Surge Despite Strong Inflation Data

Real Estate (XLRE)

Stocks Surge Despite Strong Inflation Data

Healthcare (XLV)

Stocks Surge Despite Strong Inflation Data

Industrials (XLI)

Stocks Surge Despite Strong Inflation Data

Materials (XLB)

Stocks Surge Despite Strong Inflation Data

Technology (XLK)

Stocks Surge Despite Strong Inflation Data

Utilities (XLU)

Stocks Surge Despite Strong Inflation Data

S&P 500 Sector Heat Map

Stocks Surge Despite Strong Inflation Data

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