European Auto Tariff Delay Lift Stocks

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as European auto tariff delay lift 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:

US futures point to a higher open as trade war fears subside

U.S. stock index futures were higher on Wednesday morning, as market participants focused on economic data and new corporate earnings. At around 01:30 a.m. ET, Dow futures rose 47 points, indicating a higher open of more than 96 points. Futures on the S&P and Nasdaq were also higher.

The S&P 500 (SPY) added +0.58% today. Sector advancers led decliners 8 to 3 as shown below in the sector graph. Communication services (XLC) led advancers higher with a gain of +2.24%. Technology (XLK) also had a gain of +1.09%. Consumer discretionary (XLY), consumer staples (XLP), energy (XLE), healthcare (XLV), industrials (XLI) and real estate (XLRE) each had small gains of less than 1%. Financials (XLF), materials (XLB) and utilities (XLU) each had minor losses of less than 1%.

The Dow Jones index jumped +115 points (+0.45%) to close at 25,648. The Nasdaq climbed +87 points (+1.13%) to settle at 7,822.

European Auto Tariff Delay Lift Stocks

Stocks got a lift higher on Wednesday as President Trump delayed possible auto tariffs. CNBC reported that the Trump administration will delay tariffs by up to 6 months. Chinese industrial production rose by 5.4%, its slowest growth since May 2003.

Key Takeaways…

I took the following CNBC screenshot today regarding econ data disappoints:

European Auto Tariff Delay Lift 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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5/15/19

S&P 500 Sector Graph

European Auto Tariff Delay Lift Stocks

S&P 500 (SPY)

European Auto Tariff Delay Lift Stocks

Communication Services (XLC)

European Auto Tariff Delay Lift Stocks

Consumer Discretionary (XLY)

European Auto Tariff Delay Lift Stocks

Consumer Staples (XLP)

European Auto Tariff Delay Lift Stocks

Energy (XLE)

European Auto Tariff Delay Lift Stocks

Financials (XLF)

European Auto Tariff Delay Lift Stocks

Real Estate (XLRE)

European Auto Tariff Delay Lift Stocks

Healthcare (XLV)

European Auto Tariff Delay Lift Stocks

Industrials (XLI)

European Auto Tariff Delay Lift Stocks

Materials (XLB)

European Auto Tariff Delay Lift Stocks

Technology (XLK)

European Auto Tariff Delay Lift Stocks

Utilities (XLU)

European Auto Tariff Delay Lift Stocks

S&P 500 Sector Heat Map

European Auto Tariff Delay Lift Stocks

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