Boeing Pushes Dow to Record Close

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as Boeing pushes Dow to record close. 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 lower open

U.S. stock index futures were lower Monday morning.

The S&P 500 (SPY) slipped -0.20% today. Sector decliners led advancers 8 to 3 as shown below in the sector graph. Communication services (XLC), consumer discretionary (XLY), consumer staples (XLP), energy (XLE), financials (XLF), healthcare (XLV), materials (XLB) and utilities (XLU) each had small losses of less than 1%. Industrials (XLI), real estate (XLRE) and technology (XLK) each had minor gains of less than 1%.

The Dow Jones index added +10 points (+0.04%) to close at 27,691. The Nasdaq lost -11 points (-0.13%) to settle at 8,464.

Boeing Pushes Dow to Record Close

The Dow reached another closing record high on the back of Boeing, which jumped 4.5% on the news of it will resume deliveries of the 737 Max next month.

But the rest of the market closed lower amid lingering U.S.-China trade worries while protests in Hong Kong escalated.

The major indexes had been on a tear recently that led them to all-time highs. Over the past month, the Dow is up around 3%. The S&P 500 and Nasdaq have risen about 4% and 5%, respectively.

President Donald Trump said Friday he had not agreed to roll back tariffs on China. Those comments came after the Chinese commerce ministry said that both sides had agreed to cancel existing tariffs in phases. A U.S. official also reportedly said both sides agreed to roll back the tariffs in tranches.

The stock market’s recent move to record highs comes in part because of improving sentiment around U.S.-China trade talks. With his comments on Friday, Trump dampened trade expectations in the market.

Market players are also following new demonstrations in Hong Kong. Local police opened fire at protesters, leaving one in critical condition. Separately, another protester was set aflame after being doused with an unknown substance and is also in critical condition.

Key Takeaways…

I took the following CNBC screenshots today regarding what’s been working QTD 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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11/11/19

S&P 500 Sector Graph

Boeing Pushes Dow to Record Close

S&P 500 (SPY)

Boeing Pushes Dow to Record Close

Communication Services (XLC)

Boeing Pushes Dow to Record Close

Consumer Discretionary (XLY)

Boeing Pushes Dow to Record Close

Consumer Staples (XLP)

Boeing Pushes Dow to Record Close

Energy (XLE)

Boeing Pushes Dow to Record Close

Financials (XLF)

Boeing Pushes Dow to Record Close

Real Estate (XLRE)

Boeing Pushes Dow to Record Close

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

Technology (XLK)

Utilities (XLU)

S&P 500 Sector Heat Map

 

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