Exceeding Earnings Leading Catalyst Within Rally

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as Exceeding Earnings Leading Catalyst Within Rally. 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:

http://www.cnbc.com/2017/04/25/us-markets.html

The S&P 500 (SPY) climbed 0.61% today as Exceeding Earnings Leading Catalyst Within Rally. Materials (XLB) jumped 1.61% higher as top holding DuPont rallied more than 3% on an earnings beat.  Other than utilities (XLU) falling less than 1%, the nine remaining sectors finished positive less than 1%.

U.S. equities rose sharply on Tuesday as solid quarterly reports from several large-cap companies rolled through. (CNBC) The Dow Jones industrial average rose about 230 points, with Caterpillar and McDonald’s contributing the most gains and briefly broke above 21,000. The S&P 500 advanced 0.6 percent, with materials rising more than 1 percent to lead advancers. (CNBC) “Earnings thus far have been good,” said Peter Cardillo, chief market economist at First Standard Financial. “That’s a good sign that Corporate America is on a renewed path toward growth.” (CNBC)

The Trump administration is also expected to release an outline to potential tax reform later this week. Tax reform expectations have been one of the key market drivers since the presidential election.” (CNBC) Earnings and tax reform are the main story” in the market, said Bruce Bittles, chief investment strategist at Baird. “For two months, we were in a consolidation phase and now we have the Nasdaq at an all-time high.” (CNBC)

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. Photo Credit: CNBC screenshot

S&P 500 Sector Graph

Exceeding Earnings Leading Catalyst Within Rally

S&P 500 (SPY)

Exceeding Earnings Leading Catalyst Within Rally

Consumer Discretionary (XLY)

Exceeding Earnings Leading Catalyst Within Rally

Consumer Staples (XLP)

Exceeding Earnings Leading Catalyst Within Rally

Energy (XLE)

Exceeding Earnings Leading Catalyst Within Rally

Financials (XLF)

Exceeding Earnings Leading Catalyst Within Rally

Real Estate (XLRE)

Exceeding Earnings Leading Catalyst Within Rally

Healthcare (XLV)

Exceeding Earnings Leading Catalyst Within Rally

Industrials (XLI)

Exceeding Earnings Leading Catalyst Within Rally

Materials (XLB)

Exceeding Earnings Leading Catalyst Within Rally

Technology (XLK)

Exceeding Earnings Leading Catalyst Within Rally

Utilities (XLU)

Exceeding Earnings Leading Catalyst Within Rally

S&P 500 Sector Heat Map

Exceeding Earnings Leading Catalyst Within Rally

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