China Trade Deal Hits Possible Snag

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as China trade deal hits possible snag. 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 makes stunning comeback, recovering nearly all of 471-point plunge on hope trade deal not dead

Stocks recovered the bulk of their earlier losses on Monday as investors bet China and the U.S. will still strike a trade deal despite President Donald Trump’s threat to hike tariffs on Chinese imports over the weekend. The Dow Jones Industrial Average ended the day down just 66.47 points at 26,438.48, while the S&P 500 closed 0.4% lower at 2,932.47.

The S&P 500 (SPY) dropped -0.45% today. Sector decliners led advancers 9 to 2 as shown below in the sector graph. Material (XLB) -1.43% led decliners down. Communication services (XLC), consumer discretionary (XLY), consumer staples (XLP), financials (XLF), industrials (XLI), real estate (XLRE), technology (XLK) and utilities (XLU) each suffered small losses of less than 1%. Energy (XLE) and healthcare (XLV) each enjoyed minor gains of less than 1%.

The Dow Jones index lost 66 points (-0.25%) to close at 26,438. The Nasdaq gave back 40 points (-0.50%) to settle at 8,123.

China Trade Deal Hits Possible Snag

Stocks staged a comeback on Monday recovering from earlier losses as investors still bet on a US China trade deal after President Trump’s trade related tweets over the weekend.

China Trade Deal Hits Possible Snag

China Trade Deal Hits Possible Snag

The S&P 500 traded as low as -1.2%. The Nasdaq briefly lost 2.2% at its lows. Stocks roared back after it was reported that the Chinese trade delegation will still travel to the US to continue trade negotiations. 

Key Takeaways…

I took the following CNBC screenshots today regarding cheap or expensive and Q3 earnings:

China Trade Deal Hits Possible Snag

China Trade Deal Hits Possible Snag

Notable S&P Movers…

Below I’ve highlighted some notable S&P 500 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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5/6/19

S&P 500 Sector Graph

China Trade Deal Hits Possible Snag

S&P 500 (SPY)

China Trade Deal Hits Possible Snag

Communication Services (XLC)

China Trade Deal Hits Possible Snag

Consumer Discretionary (XLY)

China Trade Deal Hits Possible Snag

Consumer Staples (XLP)

China Trade Deal Hits Possible Snag

Energy (XLE)

China Trade Deal Hits Possible Snag

Financials (XLF)

China Trade Deal Hits Possible Snag

Real Estate (XLRE)

China Trade Deal Hits Possible Snag

Healthcare (XLV)

China Trade Deal Hits Possible Snag

Industrials (XLI)

China Trade Deal Hits Possible Snag

Materials (XLB)

China Trade Deal Hits Possible Snag

Technology (XLK)

China Trade Deal Hits Possible Snag

Utilities (XLU)

China Trade Deal Hits Possible Snag

S&P 500 Sector Heat Map

China Trade Deal Hits Possible Snag

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