China Trade War Fears Resurface

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as China trade war fears resurface. 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 point to a lower open ahead of earnings, Fed speeches

U.S. stock index futures were slightly lower Thursday morning, as investors turned their focus to a slew of corporate earnings reports. At around 2:25 a.m. ET, Dow futures slipped 50 points, indicating a negative open of more than 62 points. Futures of the S&P and Nasdaq were also seen relatively downbeat.

The S&P 500 (SPY) slipped -0.94% today. Sector decliners led advancers 9 to 2 as shown below in the sector graph. Energy (XLE) led decliners down with a -2.17% loss. Financials (XLF), healthcare (XLV), materials (XLB) and technology (XLK) each had losses of 1% or more. Communication services (XLC), consumer discretionary (XLY), consumer staples (XLP) and industrials (XLI) each had small losses of less than 1%. Utilities (XLU) enjoyed a gain of +1.32%. Real estate (XLRE) had a minor gain of less than 1%.

The Dow Jones index dropped -220 points (-0.87%) to settle at 25,169. The Nasdaq gave back -86 points (-1.18%) to close at 7,288.

China Trade War Fears Resurface

Stocks took a dive into the red on Thursday as news came out that a trade meeting between President Xi Jinping & President Trump would not happen before the March trade deal deadline. President Trump said on Thursday that he would not meet with the Chinese President before the March 2nd deadline.

Key Takeaways…

I took the following CNBC screenshots this morning regarding getting too pricey and street talk:

China Trade War Fears Resurface

China Trade War Fears Resurface

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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2/7/19

S&P 500 Sector Graph

China Trade War Fears Resurface

S&P 500 (SPY)

China Trade War Fears Resurface

Communication Services (XLC)

China Trade War Fears Resurface

Consumer Discretionary (XLY)

China Trade War Fears Resurface

Consumer Staples (XLP)

China Trade War Fears Resurface

Energy (XLE)

China Trade War Fears Resurface

Financials (XLF)

China Trade War Fears Resurface

Real Estate (XLRE)

China Trade War Fears Resurface

Healthcare (XLV)

China Trade War Fears Resurface

Industrials (XLI)

China Trade War Fears Resurface

Materials (XLB)

China Trade War Fears Resurface

Technology (XLK)

China Trade War Fears Resurface

Utilities (XLU)

China Trade War Fears Resurface

S&P 500 Sector Heat Map

China Trade War Fears Resurface

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