Corporate News Alongside Earnings Boost Stocks

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as corporate news alongside earnings boost stocks. 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 surges more than 250 points after strong JP Morgan earnings and a big energy deal

Stocks rose on Friday after a slew of positive corporate news that included strong bank earnings and giant deal in the energy sector. The Dow Jones Industrial Average surged 274 points. Gains in the financials and energy sectors pushed the S&P 500 0.7% higher. The Nasdaq Composite advanced 0.5%. J.P.

The S&P 500 (SPY) was up +0.66% today. Sector advancers led decliners 10 to 1 as shown below in the sector graph. Financials (XLF) +1.84%, materials (XLB) +1.33% and industrials (XLI) +1.32% led advancers higher. Communication services (XLC), consumer discretionary (XLY), consumer staples (XLP), energy (XLE), real estate (XLRE), technology (XLK) and utilities (XLU) each enjoyed minor gains of less than 1%. Healthcare (XLV) suffered a small loss of less than 1%.

The Dow Jones index added +269 points (+1.03%) to close at 26,412. The Nasdaq advanced +36 points (+0.46%) to settle at 7,984.

Corporate News Alongside Earnings Boost Stocks

Stocks climbed on Friday on the backs of corporate news and strong earnings results. JP Morgan (JPM) reported solid earnings before the bell this morning, sending the stock 4.7% higher. Disney (DIS) sky rocketed more than 11% higher after the company premiered a new streaming service that costs less than Netflix (NFLX). Chevron is acquiring Anadarko Petroleum for $33 billion in cash and stock. That deal boosted the energy sector for the day.

Key Takeaways…

I took the following CNBC screenshots this morning regarding China bottoming, dose of reassurance, bull thesis and earnings: early innings

Corporate News Alongside Earnings Boost Stocks

Corporate News Alongside Earnings Boost Stocks

Corporate News Alongside Earnings Boost Stocks

Corporate News Alongside Earnings Boost Stocks

Corporate News Alongside Earnings Boost Stocks

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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4/12/19

S&P 500 Sector Graph

Corporate News Alongside Earnings Boost Stocks

S&P 500 (SPY)

Corporate News Alongside Earnings Boost Stocks

Communication Services (XLC)

Corporate News Alongside Earnings Boost Stocks

Consumer Discretionary (XLY)

Corporate News Alongside Earnings Boost Stocks

Consumer Staples (XLP)

Corporate News Alongside Earnings Boost Stocks

Energy (XLE)

Corporate News Alongside Earnings Boost Stocks

Financials (XLF)

Corporate News Alongside Earnings Boost Stocks

Real Estate (XLRE)

Corporate News Alongside Earnings Boost Stocks

Healthcare (XLV)

Corporate News Alongside Earnings Boost Stocks

Industrials (XLI)

Corporate News Alongside Earnings Boost Stocks

Materials (XLB)

Corporate News Alongside Earnings Boost Stocks

Technology (XLK)

Corporate News Alongside Earnings Boost Stocks

Utilities (XLU)

Corporate News Alongside Earnings Boost Stocks

S&P 500 Sector Heat Map

Corporate News Alongside Earnings Boost Stocks

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