Earnings Plus Trade News Lift Investor Confidence

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as earnings plus trade news lift investor confidence. 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 a mixed open after Amazon earnings disappoint

U.S. stock index futures were trading mixed on Friday morning.

The S&P 500 (SPY) rose +0.41% today. Sector advancers led decliners 7 to 4 as shown below in the sector graph. Technology (XLK) and materials (XLB) led advancers higher with gains of more than 1%. Communication services (XLC), energy (XLE), financials (XLF), healthcare (XLV) and industrials (XLI) each had small gains of less than 1%. Real estate (XLRE) and utilities (XLU) each had losses of more than 1%. Consumer discretionary (XLY) and consumer staples each had minor losses of less than 1%.

The Dow Jones index jumped +152 points (+0.57%) to close at 26,958. The Nasdaq added +57 points (+0.70%) to settle at 8,243.

Earnings Plus Trade News Lift Investor Confidence

Stocks found positive territory Friday as the market liked quarterly earnings and positive trade news.

Intel shares jumped 8.1% after the chipmakerā€™s results topped analyst expectations. Intel also issued better-than-expected guidance for the fourth quarter.

Amazon, meanwhile, posted weaker-than-expected earnings. The e-commerce giant also issued disappointing guidance for the holiday season.

Other companies reporting quarterly numbers this week included Visa and Verizon. Visa posted revenue and profit that topped estimates, lifting the stock by 1%. Verizon, meanwhile, dipped 0.4%.

More than 38% of S&P 500 companies posted quarter earnings for the third quarter thus far, according to FactSet. Of those companies, 78% have beaten analyst expectations. This week was one of the busiest of the earnings season, with more than 120 companies reporting.

Markets also got a boost from trade optimism. The U.S. Trade Representative said China and the U.S. were close to finalizing parts of a phase one trade deal.

Key Takeaways…

I took the following CNBC screenshots today regarding Amazon’s influence, Visa earnings and driving the action:

Notable S&P 500 Movers…

Below I’ve highlighted some notable S&P movers (both winners & losers).

The major averages were headed for weekly gains. The Dow was up 0.8% for the week. Meanwhile, the S&P 500 and Nasdaq were up 1.3% and 1.8%, respectively.

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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10/25/19

S&P 500 Sector Graph

Earnings Plus Trade News Lift Investor Confidence

S&P 500 (SPY)

Earnings Plus Trade News Lift Investor Confidence

Communication Services (XLC)

Earnings Plus Trade News Lift Investor Confidence

Consumer Discretionary (XLY)

Earnings Plus Trade News Lift Investor Confidence

Consumer Staples (XLP)

Earnings Plus Trade News Lift Investor Confidence

Energy (XLE)

Earnings Plus Trade News Lift Investor Confidence

Financials (XLF)

Earnings Plus Trade News Lift Investor Confidence

Real Estate (XLRE)

Earnings Plus Trade News Lift Investor Confidence

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

Technology (XLK)

Utilities (XLU)

S&P 500 Sector Heat Map

 

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