Fed Forecasts Zero Interest Rate Hikes

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as Fed forecasts zero interest rate hikes. 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 mixed as markets await Fed rate decision

U.S. stock index futures traded mixed on Wednesday as investors await a policy decision by the U.S. Federal Reserve. At 03:00 a.m. ET, Dow futures traded 12 points higher, pointing a fairly flat open. Futures in S&P 500 and Nasdaq were trading mixed. Market focus is largely attuned to global trade developments, amid media reports of U.S.

The S&P 500 (SPY) fell -0.29% today. Sector advancers led decliners 6 to 5 as shown below in the sector graph. Financials (XLF) -2.06% led decliners down. Consumer staples (XLP), healthcare (XLV), industrials (XLI), materials (XLB) and technology (XLK) each suffered minor losses of less than 1%. Communication services (XLC), consumer discretionary (XLY), energy (XLE), real estate (XLRE) and utilities (XLU) each enjoyed small gains of less than 1%.

The Dow Jones index dropped 141 points (-0.55%) to close at 25,745. The Nasdaq inched up +5 points (+0.07%) to settle at 7,728.

Fed Forecasts Zero Interest Rate Hikes

Stocks finished mixed on Wednesday as the Federal Reserve forecasted zero interest rates hikes in 2019. Financials (XLF) -2.06% took a big hit upon the Fed’s announcement. Zero interest rate hikes in 2019 is down from 2 in an earlier forecast. The Fed also announced the end of reduction of its balance sheet by September. 

Key Takeaways…

I took the following CNBC screenshots this morning regarding what’s moving stocks and Q1 earnings so far:

Fed Forecasts Zero Interest Rate Hikes

Fed Forecasts Zero Interest Rate Hikes

Notable S&P 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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3/20/19

S&P 500 Sector Graph

Fed Forecasts Zero Interest Rate Hikes

S&P 500 (SPY)

Fed Forecasts Zero Interest Rate Hikes

Communication Services (XLC)

Fed Forecasts Zero Interest Rate Hikes

Consumer Discretionary (XLY)

Fed Forecasts Zero Interest Rate Hikes

Consumer Staples (XLP)

Fed Forecasts Zero Interest Rate Hikes

Energy (XLE)

Fed Forecasts Zero Interest Rate Hikes

Financials (XLF)

Fed Forecasts Zero Interest Rate Hikes

Real Estate (XLRE)

Fed Forecasts Zero Interest Rate Hikes

Healthcare (XLV)

Fed Forecasts Zero Interest Rate Hikes

Industrials (XLI)

Fed Forecasts Zero Interest Rate Hikes

Materials (XLB)

Fed Forecasts Zero Interest Rate Hikes

Technology (XLK)

Fed Forecasts Zero Interest Rate Hikes

Utilities (XLU)

Fed Forecasts Zero Interest Rate Hikes

S&P 500 Sector Heat Map

Fed Forecasts Zero Interest Rate Hikes

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