Chipmakers Lead Tech Sector Higher

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as chipmakers lead tech sector higher. 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 lower as uncertainties over Brexit and Boeing weigh

U.S. stock index futures traded lower on Wednesday morning as investors continued to monitor political and economic uncertainties across the globe. At 03:00 a.m. ET, Dow futures were down more than 50 points, implying a negative open of 38 points. Futures on S&P 500 and Nasdaq traded lower too. U.S.

The S&P 500 (SPY) jumped +0.70% today. All 11 sectors finished in positive territory as shown below in the sector graph. Healthcare (XLV) +1.08% and energy (XLE) +1.01% led broader market higher. Communication services (XLC), consumer discretionary (XLY), consumer staples (XLP), financials (XLF), real estate (XLRE), industrials (XLI), materials (XLB), technology (XLK) and utilities (XLU) each had minor gains of less than 1%.

The Dow Jones index added +148 points (+0.58%) to close at 25,702. The Nasdaq advanced +52 points (+0.69%) to settle at 7,643.

Chipmakers Lead Tech Sector Higher

The S&P 500 continued its win streak to 3 days closing above the 2,800 level, a key position that has become resistance in the past. Technology (XLK) has had an excellent week gaining more than 3.5% led by Nvidia (NVDA) today with a 3.8% gain. FAANG (FB, AMZN, APPL, NFLX, GOOGL) also closed higher.

Key Takeaway…

I took the following CNBC screenshot this morning regarding near term catalysts:

Chipmakers Lead Tech Sector Higher

Notable S&P Movers…

I’ve highlighted below 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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3/13/19

S&P 500 Sector Graph

Chipmakers Lead Tech Sector Higher

S&P 500 (SPY)

Chipmakers Lead Tech Sector Higher

Communication Services (XLC)

Chipmakers Lead Tech Sector Higher

Consumer Discretionary (XLY)

Chipmakers Lead Tech Sector Higher

Consumer Staples (XLP)

Chipmakers Lead Tech Sector Higher

Energy (XLE)

Chipmakers Lead Tech Sector Higher

Financials (XLF)

Chipmakers Lead Tech Sector Higher

Real Estate (XLRE)

Chipmakers Lead Tech Sector Higher

Healthcare (XLV)

Chipmakers Lead Tech Sector Higher

Industrials (XLI)

Chipmakers Lead Tech Sector Higher

Materials (XLB)

Chipmakers Lead Tech Sector Higher

Technology (XLK)

Chipmakers Lead Tech Sector Higher

Utilities (XLU)

Chipmakers Lead Tech Sector Higher

S&P 500 Sector Heat Map

Chipmakers Lead Tech Sector Higher

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