Alphabet Earnings Force Nasdaq Pullback

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as Alphabet earnings force Nasdaq pullback. 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 futures mixed ahead more earnings, Fed meeting

U.S. stock index futures were pointing in different directions Tuesday morning, as market participants prepared for another day of corporate earnings and fresh data releases. At around 01:50 a.m. ET, Dow futures fell 5 points, indicating a positive open of about 7 points. Futures on the S&P and Nasdaq both indicated a lower open.

The S&P 500 (SPY) inched up +0.10% today. Sector advancers led decliners 8 to 3 as shown below in the sector graph. Utilities (XLU) led advancers high with a gain of +1.64%. Consumer staples (XLP) and real estate (XLRE) also had gains over 1%. Financials (XLF), healthcare (XLV), industrials (XLI), materials (XLB) and technology (XLK) each had small gains of less than 1%. Communication services (XLC) led decliners down. Consumer discretionary (XLY) and energy (XLE) each had minor losses of less than 1%.

The Dow Jones index added +38 points (+0.15%) to close at 26,592. The Nasdaq gave back 66 points (-0.81%) to settle at 8,095.

Alphabet Earnings Force Nasdaq Pullback

Record high Nasdaq fell on Tuesday as Alphabet (GOOGL) dropped on a revenue miss. Alphabet (GOOGL) fell more than 7.5% after the company reported a revenue miss in its earnings. Alphabet had revenue of $36.34 billion versus an estimate of $37.33. The revenue miss was blamed on weaker ad sales growth. McDonald’s (MCD) reported earnings that beat estimates. When reading the above CNBC article, I came across the earnings report card:

Alphabet Earnings Force Nasdaq Pullback

Key Takeaways…

I took the following CNBC screenshots today regarding Q1 earnings update, tech titans and sector snapshot:

Alphabet Earnings Force Nasdaq Pullback

Alphabet Earnings Force Nasdaq Pullback

Alphabet Earnings Force Nasdaq Pullback

Notable S&P Movers…

Below I’ve highlighted some notable S&P movers (both 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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4/30/19

S&P 500 Sector Graph

Alphabet Earnings Force Nasdaq Pullback

S&P 500 (SPY)

Alphabet Earnings Force Nasdaq Pullback

Communication Services (XLC)

Alphabet Earnings Force Nasdaq Pullback

Consumer Discretionary (XLY)

Alphabet Earnings Force Nasdaq Pullback

Consumer Staples (XLP)

Alphabet Earnings Force Nasdaq Pullback

Energy (XLE)

Alphabet Earnings Force Nasdaq Pullback

Financials (XLF)

Alphabet Earnings Force Nasdaq Pullback

Real Estate (XLRE)

Alphabet Earnings Force Nasdaq Pullback

Healthcare (XLV)

Alphabet Earnings Force Nasdaq Pullback

Industrials (XLI)

Alphabet Earnings Force Nasdaq Pullback

Materials (XLB)

Alphabet Earnings Force Nasdaq Pullback

Technology (XLK)

Alphabet Earnings Force Nasdaq Pullback

Utilities (XLU)

Alphabet Earnings Force Nasdaq Pullback

S&P 500 Sector Heat Map

Alphabet Earnings Force Nasdaq Pullback

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