Concrete Progress Made Towards China Trade Deal

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as concrete progress made towards China trade deal. 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 on US-China trade deal hopes

U.S. stock index futures traded slightly higher on Friday morning, as investors monitored progress in U.S.-China trade talks and reacted to the latest Brexit developments. At around 03:10 a.m. ET, Dow futures traded 78 points higher, pointing to a higher open of more than 78 points.

The S&P 500 (SPY) rose by +0.41% today. Sector decliners led advancers 9 to 2 as shown below in the sector graph. Decliners were led down by real estate (XLRE) -1.09%. Communication services (XLC), consumer staples (XLP), energy (XLE), financials (XLF), healthcare (XLV), industrials (XLI), materials (XLB) and utilities (XLU) each suffered minor losses of less than 1%. Consumer discretionary (XLY) and technology (XLK) each enjoyed small gains of less than 1%.

The Dow Jones index added +138 points (+0.54%) to close at 25,848. The Nasdaq climbed +57 points (+0.76%) to settle at 7,688.

Concrete Progress Made Towards China Trade Deal

Concrete progress made towards a China trade deal left investor happy, sending stocks higher for strong weekly gains led by tech. The South China Morning Post reported, “the two sides have further made concrete progress on the text of the trade agreement between the two sides.” The S&P 500 and Nasdaq Composite both rose at least 2.9 percent this week. The Dow jumped 1.7% this week amid Boeing’s troubles.  The S&P 500 also posted its biggest one-week gain since November.

Key Takeaways…

I took the following CNBC screenshots this morning regarding looking for a breakout, large cap funds lag and fund managers long term:

Concrete Progress Made Towards China Trade Deal

Concrete Progress Made Towards China Trade Deal

Concrete Progress Made Towards China Trade Deal

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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3/15/19

S&P 500 Sector Graph

Concrete Progress Made Towards China Trade Deal

S&P 500 (SPY)

Concrete Progress Made Towards China Trade Deal

Communication Services (XLC)

Concrete Progress Made Towards China Trade Deal

Consumer Discretionary (XLY)

Concrete Progress Made Towards China Trade Deal

Consumer Staples (XLP)

Concrete Progress Made Towards China Trade Deal

Energy (XLE)

Concrete Progress Made Towards China Trade Deal

Financials (XLF)

Concrete Progress Made Towards China Trade Deal

Real Estate (XLRE)

Concrete Progress Made Towards China Trade Deal

Healthcare (XLV)

Concrete Progress Made Towards China Trade Deal

Industrials (XLI)

Concrete Progress Made Towards China Trade Deal

Materials (XLB)

Concrete Progress Made Towards China Trade Deal

Technology (XLK)

Concrete Progress Made Towards China Trade Deal

Utilities (XLU)

Concrete Progress Made Towards China Trade Deal

S&P 500 Sector Heat Map

Concrete Progress Made Towards China Trade Deal

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