Company Earnings Hinge Toward G20 Truce

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as company earnings hinge toward G20 truce. 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 rise amid hopes of a US-China trade truce

U.S. stock index futures were higher Thursday morning, amid hopes the world’s two largest economies could soon reach a truce in their protracted trade war. At around 02:10 a.m. ET, Dow futures rose 66 points, indicating a positive open of more than 72 points. Futures on the S&P and Nasdaq were both seen slightly higher.

The S&P 500 (SPY) added +0.38% today. Sector advancers led decliners 10 to 1 as shown below in the sector graph. Communication services (XLC), consumer discretionary (XLY), consumer staples (XLP), financials (XLF), real estate (XLRE), healthcare (XLV), industrials (XLI), materials (XLB), technology (XLK) and utilities (XLU) each had small gains of less than 1%. Energy (XLE) was the only sector finishing in the red, losing -0.74%.

The Dow Jones index gave back 10 points (-0.04%) to close at 26,526. The Nasdaq advanced +57 points (+0.73%) to settle at 7,967.

Company Earnings Hinge Toward G20 Truce

Stocks ended Thursday just about even with the flatline as the equity market waits to see the outcome of President Trump’s G20 meeting with Chinese leader Xi on Saturday as they try to iron out a bitter trade war. Xi is expected to present Trump with the terms China expects the U.S. to meet before Beijing is willing to settle the contentious trade fight between the two nations.The news was first reported by¬†The Wall Street Journal. CNBC later confirmed the report through sources.

Key Takeaways…

I took the following CNBC screenshots today regarding good and bad news, flattish earnings in 2019, tech earnings in 2019, 2019 bull playbook, all investor sentiment and driving the action:

Notable S&P 500 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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6/27/19

S&P 500 Sector Graph

Company Earnings Hinge Toward G20 Truce

S&P 500 (SPY)

Company Earnings Hinge Toward G20 Truce

Communication Services (XLC)

Company Earnings Hinge Toward G20 Truce

Consumer Discretionary (XLY)

Company Earnings Hinge Toward G20 Truce

Consumer Staples (XLP)

Company Earnings Hinge Toward G20 Truce

Energy (XLE)

Company Earnings Hinge Toward G20 Truce

Financials (XLF)

Company Earnings Hinge Toward G20 Truce

Real Estate (XLRE)

Company Earnings Hinge Toward G20 Truce

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

Technology (XLK)

Utilities (XLU)

S&P 500 Sector Heat Map

 

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