Disney Continues Wall Street Bullish Sentiment

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as Disney continues Wall Street bullish sentiment. 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 point to slightly mixed open

U.S. stock index futures were mixed Tuesday morning.

The S&P 500 (SPY) added +0.16% today. Sector advancers led decliners 7 to 4 as shown below in the sector graph. Communication services (XLC), consumer staples (XLP), financials (XLF), healthcare (XLV), materials (XLB), technology (XLK) and utilities (XLU) each squeezed out minor gains of less than 1%. Consumer discretionary (XLY), energy (XLE), industrials (XLI) and real estate (XLRE) suffered small losses of less than 1%.

The Dow Jones index literally finished unchanged +0.00 points (+0%) to close at 27,691. The Nasdaq climbed +21 points (+0.26%) to settle at 8,486.

Disney Continues Wall Street Bullish Sentiment

Stocks continued their winning ways on Tuesday on the backs of Disney and President Trump trade remarks.

Disney shares rose more than 1% after launching its Disney+ streaming service. The platform suffered technical errors just hours after the launch as demand surged.

“There’s a lack of selling in the market,” said JJ Kinahan, chief market strategist at TD Ameritrade. “Because we have optimism around trade … a better-than-expected earnings season and we’re heading into what appears to be a strong holiday shopping season, there’s a lot to like right now.”

Trump told the Economic Club of New York that China wants to make a trade deal, but offered little details on how negotiations were progressing. He also blasted previous U.S. leaders for letting China “cheat” on trade.

Key Takeaways…

I took the following CNBC screenshots today regarding sector snapshot, global fund manager survey, bonds vs S&P 500 over last 6 months, momentum versus value 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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11/12/19

S&P 500 Sector Graph

Disney Continues Wall Street Bullish Sentiment

S&P 500 (SPY)

Disney Continues Wall Street Bullish Sentiment

Communication Services (XLC)

Disney Continues Wall Street Bullish Sentiment

Consumer Discretionary (XLY)

Disney Continues Wall Street Bullish Sentiment

Consumer Staples (XLP)

Disney Continues Wall Street Bullish Sentiment

Energy (XLE)

Disney Continues Wall Street Bullish Sentiment

Financials (XLF)

Disney Continues Wall Street Bullish Sentiment

Real Estate (XLRE)

Disney Continues Wall Street Bullish Sentiment

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

Technology (XLK)

Utilities (XLU)

S&P 500 Sector Heat Map

 

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