Boeing Dampens Solid Earnings Start

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as Boeing dampens solid earnings start. 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 point to slightly lower open

The moves in pre-market trade come after China posted its weakest growth in nearly three decades.

The S&P 500 (SPY) lost -0.39% today. Sector decliners led advancers 7 to 4 as shown below in the sector graph. Communication services (XLC) -1.16% led decliners down. Consumer discretionary (XLY), energy (XLE), healthcare (XLV), industrials (XLI), materials (XLB) and technology (XLK) each had minor losses of less than 1%. Consumer staples (XLP), financials (XLF), real estate (XLRE) and utilities (XLU) each had small gains of less than 1%.

The Dow Jones index dropped -255 points (-0.95%) to close at 26,770. The Nasdaq gave back -67 points (-0.83%) to settle at 8,089.

Boeing Dampens Solid Earnings Start

Stocks landed in the red Friday as Boeing led stock losses to curb enthusiasm around a solid start to earnings season. The Dow ended the week down -0.20%.

Boeing dropped 6.8% — its biggest one-day drop since February 2016 — on news that company instant messages suggest the aerospace giant misled regulators over the safety systems of the 737 Max.

Johnson & Johnson slid 6.2% after the company recalled some baby powder upon finding traces of asbestos.

The S&P 500 rose 0.5% week to date while the Nasdaq gained 0.4% as enthusiasm around the first batch of corporate earnings lifted market sentiment.

Key Takeaways…

I took the following CNBC screenshots today regarding earnings scorecard and driving the action:

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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10/18/19

S&P 500 Sector Graph

Boeing Dampens Solid Earnings Start

S&P 500 (SPY)

Boeing Dampens Solid Earnings Start

Communication Services (XLC)

Boeing Dampens Solid Earnings Start

Consumer Discretionary (XLY)

Boeing Dampens Solid Earnings Start

Consumer Staples (XLP)

Boeing Dampens Solid Earnings Start

Energy (XLE)

Boeing Dampens Solid Earnings Start

Financials (XLF)

Boeing Dampens Solid Earnings Start

Real Estate (XLRE)

Boeing Dampens Solid Earnings Start

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

Technology (XLK)

Utilities (XLU)

S&P 500 Sector Heat Map

 

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