Trade Worries Resurface Leaving Investors Uneasy

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as trade worries resurface leaving investors uneasy. 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 expected to tumble at the open as US prepares China tariffs

U.S. stock index futures fell deep into negative territory ahead of Friday’s open, as the topic of trade continues to resurface. Around 5:30 a.m. ET, Dow futures slipped 133 points, indicating a negative open of 111.31 points. The Nasdaq and the S&P 500 futures also indicated a downbeat start to the session for their respective markets.

The S&P 500 (SPY) ended just below the flatline, losing -0.11% today. Sector decliners led advancers 6 to 5 as shown below in the sector graph. Leading decliners down was energy (XLE) losing -2.15%. Financials (XLF), industrials (XLI), materials (XLB), real estate (XLRE) and technology (XLK) each had small losses of less than 1%. Leading advancers was consumer staples (XLP) with a gain of +1.28%. Consumer discretionary (XLY), healthcare (XLV) and utilities (XLU) each had minor gains of less than 1%.

The Dow Jones index subtracted 84 points (-0.34%) to settle at 25,090. The Nasdaq gave back 14 points (-0.19%) to close at 7,746.

Trade Worries Resurface Leaving Investors Uneasy

Stocks finished coming off their lows as trade worries resurface after the Trump administration announced new tariffs against China.┬áIn a statement Friday, President Donald Trump said the measures would affect Chinese goods “that contain industrially significant technologies,” without specifying those products. He added that the action comes “in light of China’s theft of intellectual property and technology and its other unfair trade practices.” Multi national companies Boeing and Caterpillar were hit hard today, losing -2.50% and -3.10% respectively at their lows. Both companies do a large amount of business overseas.

Key takeaways…

The following are CNBC screenshot taken this morning regarding a sector snapshot (week to date) and what matters to markets:

Trade Worries Resurface Leaving Investors Uneasy

Trade Worries Resurface Leaving Investors Uneasy

Notable S&P movers…

Below I’ve highlighted the notable S&P movers (winners & 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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6/15/18

S&P 500 Sector Graph

Trade Worries Resurface Leaving Investors Uneasy

S&P 500 (SPY)

Trade Worries Resurface Leaving Investors Uneasy

Consumer Discretionary (XLY)

Trade Worries Resurface Leaving Investors Uneasy

Consumer Staples (XLP)

Trade Worries Resurface Leaving Investors Uneasy

Energy (XLE)

Trade Worries Resurface Leaving Investors Uneasy

Financials (XLF)

Trade Worries Resurface Leaving Investors Uneasy

Real Estate (XLRE)

Trade Worries Resurface Leaving Investors Uneasy

Healthcare (XLV)

Trade Worries Resurface Leaving Investors Uneasy

Industrials (XLI)

Trade Worries Resurface Leaving Investors Uneasy

Materials (XLB)

Trade Worries Resurface Leaving Investors Uneasy

Technology (XLK)

Trade Worries Resurface Leaving Investors Uneasy

Utilities (XLU)

Trade Worries Resurface Leaving Investors Uneasy

S&P 500 Sector Heat Map

Trade Worries Resurface Leaving Investors Uneasy

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