China Economic Slowdown Snaps Win Streak

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as China economic slowdown snaps win streak. 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:

Dow futures slightly higher as investors await inflation data

U.S. stock index futures were mixed on Friday morning, after Federal Reserve Chairman Jerome Powell reiterated the U.S. central bank would be patient about raising interest rates over the coming months. At around 04:15 a.m. ET, Dow futures rose 27 points, indicating a negative open of more than 3 points.

The S&P 500 (SPY) slipped -0.01% today. Sector decliners led advancers 6 to 5 as shown below in the sector graph. Communication services (XLC), energy (XLE), industrials (XLI), materials (XLB), technology (XLK) and utilities (XLU) each had minor losses less than 1%. Consumer discretionary (XLY), consumer staples (XLP), financials (XLF), healthcare (XLV) and real estate (XLRE) each had small gains of less than 1%.

The Dow Jones index lost 5 points (-0.02%) to close at 23,995. The Nasdaq gave back 14 points (-0.21%) to settle at 6,971.

China Economic Slowdown Snaps Win Streak

Stocks slightly fell on Friday on fears of a China economic slowdown and a prolonged government shutdown. Goldman Sachs advised that Starbucks would be the next company to warn about a China slowdown after Apple’s recent guidance cut. President Trump gives an update on the government shutdown. Stocks snapped a 5 day win streak. Both the Dow and S&P advanced more than 2% on the week. The Nasdaq climbed 3.45% on the week.

Key Takeaways…

I took the following CNBC screenshots this morning regarding market’s run, market leaders, 2019 earnings trends and what could help earnings:

China Economic Slowdown Snaps Win Streak

China Economic Slowdown Snaps Win Streak

China Economic Slowdown Snaps Win Streak

China Economic Slowdown Snaps Win Streak

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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1/11/18

S&P 500 Sector Graph

China Economic Slowdown Snaps Win Streak

S&P 500 (SPY)

China Economic Slowdown Snaps Win Streak

Communication Services (XLC)

China Economic Slowdown Snaps Win Streak

Consumer Discretionary (XLY)

China Economic Slowdown Snaps Win Streak

Consumer Staples (XLP)

China Economic Slowdown Snaps Win Streak

Energy (XLE)

China Economic Slowdown Snaps Win Streak

Financials (XLF)

China Economic Slowdown Snaps Win Streak

Real Estate (XLRE)

China Economic Slowdown Snaps Win Streak

Healthcare (XLV)

China Economic Slowdown Snaps Win Streak

Industrials (XLI)

China Economic Slowdown Snaps Win Streak

Materials (XLB)

China Economic Slowdown Snaps Win Streak

Technology (XLK)

China Economic Slowdown Snaps Win Streak

Utilities (XLU)

China Economic Slowdown Snaps Win Streak

S&P 500 Sector Heat Map

China Economic Slowdown Snaps Win Streak

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