Boeing Shares Drop Pressures Dow

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after Boeing shares drop pressures Dow. 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 slightly higher after tech rally, amendments to Brexit deal

U.S. stock index futures traded slightly higher on Tuesday morning, with Wall Street set to extend the strong gains seen in the previous session. At 3:00 a.m. ET, Dow futures were up more than 50 points, pointing to a higher open of 71 points. Futures for the S&P 500 and Nasdaq were higher too.

The S&P 500 (SPY) rose by +0.30% today. Sector advancers led decliners 10 to 1 as shown below in the sector graph. Communication services (XLC), consumer discretionary (XLY), consumer staples (XLP), energy (XLE), financials (XLF), healthcare (XLV), materials (XLB), real estate (XLRE), technology (XLK) and utilities (XLU) each gained by less than 1%. Industrials (XLI) was the only sector to fall into the red bu less than 1%.

The Dow Jones index subtracted 96 points (-0.38%) to close at 25,554. The Nasdaq added +32 points (+0.44%) to settle at 7,591.

Boeing Shares Drop Pressures Dow

The Dow Jones index was pressured lower on Tuesday by a further drop in Boeing (BA) shares. The other 2 major averages found minor gains of less than less than 1%. Boeing shares fell more than 6 percent, eclipsing the 5.3 percent decline from Monday’s session and notching their biggest two-day loss since June 2009. Boeing fell after several countries, including China, the European Union and Indonesia, grounded all flights involving the 737 MAX model. Technology (XLK) is now the best performing sector of 2019 as its +15.3% YTD.

Key Takeaway…

The following CNBC video clip has the latest Boeing information regarding the suspension of its 737 Max 8:

EU aviation regulator suspends 737 MAX 8 operations across continent

CNBC’s Phil LeBeau reports on EASA, the EU equivalent to the FAA, suspending flight operations of the Boeing 737 MAX 8.

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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3/12/19

S&P 500 Sector Graph

Boeing Shares Drop Pressures Dow

S&P 500 (SPY)

Boeing Shares Drop Pressures Dow

Communication Services (XLC)

Boeing Shares Drop Pressures Dow

Consumer Discretionary (XLY)

Boeing Shares Drop Pressures Dow

Consumer Staples (XLP)

Boeing Shares Drop Pressures Dow

Energy (XLE)

Boeing Shares Drop Pressures Dow

Financials (XLF)

Boeing Shares Drop Pressures Dow

Real Estate (XLRE)

Boeing Shares Drop Pressures Dow

Healthcare (XLV)

Boeing Shares Drop Pressures Dow

Industrials (XLI)

Boeing Shares Drop Pressures Dow

Materials (XLB)

Boeing Shares Drop Pressures Dow

Technology (XLK)

Boeing Shares Drop Pressures Dow

Utilities (XLU)

Boeing Shares Drop Pressures Dow

S&P 500 Sector Heat Map

Boeing Shares Drop Pressures Dow

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