Bear Market Questions Fed Rate Hike Path

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as bear market questions Fed rate hike path. 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 stock futures point to a slightly lower open after Friday’s big losses

Dow Jones Industrial Average futures pointed to a slightly negative start for Monday’s open after all three major U.S. indexes closed in correction territory for the first time since March 2016 in the prior trading session. Dow futures implied a slide of about 52 points at the open on Monday, as of 7:45 a.m.

The S&P 500 (SPY) fell -2.08% today. All 11 sectors finished deep in the red as shown below in the sector graph. Real estate (XLRE) -3.74% and utilities (XLU) -3.22% led the market down. Consumer discretionary (XLY), consumer staples (XLP) and technology (XLK) each dropped more than 2%. Communication services (XLC), energy (XLE), healthcare (XLV), industrials (XLI) and materials (XLB) each fell by more than 1%. Financials (XLF) fell the least, falling less than 1%.

The Dow Jones index collapsed -507 points (-2.11%) to close at 23,592. The Nasdaq declined -156 points (-2.27%) to settle at 6,753.

Bear Market Questions Fed Rate Hike Path

All 3 major averages plummeted more than 2% on Monday as investors grow wary of the Fed’s rate hike path among a slowing global economy and more stock market volatility. The S&P 500 slipped to -4.31% YTD, Dow Jones index -4.43% YTD and the Nasdaq (QQQ) is holding on to a very slim gain of +1.07%. Rising rates and the current Fed rate hike path have worried markets throughout the year, worries have climbed to new levels as growth and inflation outlooks have fallen.

Key Takeaways…

I took the following CNBC screenshots this morning regarding what’s moving markets and S&P 500 returns:

Bear Market Questions Fed Rate Hike Path

Bear Market Questions Fed Rate Hike Path

Notable S&P 500 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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12/17/18

S&P 500 Sector Graph

Bear Market Questions Fed Rate Hike Path

S&P 500 (SPY)

Bear Market Questions Fed Rate Hike Path

Communication Services (XLC)

Bear Market Questions Fed Rate Hike Path

Consumer Discretionary (XLY)

Bear Market Questions Fed Rate Hike Path

Consumer Staples (XLP)

Bear Market Questions Fed Rate Hike Path

Energy (XLE)

Bear Market Questions Fed Rate Hike Path

Financials (XLF)

Bear Market Questions Fed Rate Hike Path

Real Estate (XLRE)

Bear Market Questions Fed Rate Hike Path

Healthcare (XLV)

Bear Market Questions Fed Rate Hike Path

Industrials (XLI)

Bear Market Questions Fed Rate Hike Path

Materials (XLB)

Bear Market Questions Fed Rate Hike Path

Technology (XLK)

Bear Market Questions Fed Rate Hike Path

Utilities (XLU)

Bear Market Questions Fed Rate Hike Path

S&P 500 Sector Heat Map

Bear Market Questions Fed Rate Hike Path

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