Wall Street Examines Tax Reform Prospects

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as Wall Street Examines Tax Reform Prospects. 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:

http://www.cnbc.com/2017/03/27/us-markets.html

The S&P 500 (SPY) slipped 0.10% today as Wall Street Examines Tax Reform Prospects.  Led to the downside by real estate (XLRE) -0.80%. Other sectors that finished lower less than 1% include consumer discretionary (XLY), consumer staples (XLP), energy (XLE), financials (XLF), industrials (XLI) and utilities (XLU). Only three sectors were positive less than 1%… healthcare (XLV), materials (XLB) and technology (XLK).

U.S. stocks closed mostly lower on Monday as investors reassessed the prospects of key White House proposals, including tax reform, coming to fruition. (CNBC) The Trump administration was dealt a body-blow Friday after a House bill aimed at replacing Obamacare was pulled from the floor. The GOP bill faced opposition not just from Democrats, but also from conservative and more moderate Republicans, and was not able to secure enough votes to pass. (CNBC) “It’s been such a powerful rally that it’s not surprising to see a pullback after a disappointment that big,” said Maris Ogg, president at Tower Bridge Advisors, referring to the health care bill’s defeat. “But the big picture really hasn’t changed.” The House vote was seen as crucial for the Trump agenda. Trump had said the repeal and replacement of Obamacare must happen before action can be taken on his other plans, including a major tax reduction. Stocks have rallied significantly since the U.S. election on hopes of lower taxes, deregulation and fiscal stimulus. (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. Photo Credit: Max953.com

S&P 500 Sector Graph

Wall Street Examines Tax Reform Prospects

S&P 500 (SPY)

Wall Street Examines Tax Reform Prospects

Consumer Discretionary (XLY)

Wall Street Examines Tax Reform Prospects

Consumer Staples (XLP)

Wall Street Examines Tax Reform Prospects

Energy (XLE)

Wall Street Examines Tax Reform Prospects

Financials (XLF)

Wall Street Examines Tax Reform Prospects

Real Estate (XLRE)

Wall Street Examines Tax Reform Prospects

Healthcare (XLV)

Wall Street Examines Tax Reform Prospects

Industrials (XLI)

Wall Street Examines Tax Reform Prospects

Materials (XLB)

Wall Street Examines Tax Reform Prospects

Technology (XLK)

Wall Street Examines Tax Reform Prospects

Utilities (XLU)

Wall Street Examines Tax Reform Prospects

S&P 500 Sector Heat Map

Wall Street Examines Tax Reform Prospects

2 thoughts on “Wall Street Examines Tax Reform Prospects”

  1. Joel says:

    Thank you for your article . . I’m a individual investor with a self directed IR so I like to monitor the market and average 20 to 30 trades a month. I’m more if a swing trader or some time I day trade . I’ve been trading since the early 80s doing very well during the boom years if the 1980’s and early 99’s , technology has chance so the rules have changed since computers have replaced the guys on the floor. Anyway enough of my chatter just to let you know the article today wAs well written.

  2. Joel says:

    Thank you

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