Fed Shows Patience Regarding Rates

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as the Fed shows patience regarding rates. 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:

Futures slightly higher as US and China conclude trade talks

U.S. stock futures rose slightly on Wednesday following news that the U.S. and China have concluded their trade talks. As of 3 a.m. ET, Dow futures climbed 63 points, indicating a higher open of 42 points; S&P 500 futures were barely above the flatline, while Nasdaq futures were also slightly higher.

The S&P 500 (SPY) finished in the green by +0.41% today. Sector advancers led decliners 8 to 3 as shown below in the sector graph. Advancers were led by energy (XLE) +1.58% and technology (XLK) +1.29%. Communication services (XLC), consumer discretionary (XLY), financials (XLF), healthcare (XLV), industrials (XLI) and materials (XLB) each had small gains of less than 1%. Consumer staples (XLP), real estate (XLRE) and utilities (XLU) each suffered minor losses of less than 1%.

The Dow Jones index added +91 points (+0.39%) to close at 23,879. The Nasdaq advanced +60 points (+0.87%) to settle at 6,957.

Fed Shows Patience Regarding Rates

All 3 major averages ended in positive territory after the Fed meeting minutes revealed the Fed “can afford to be patient” about future rate hikes. The latest round of US China trade talks ended in Beijing on Wednesday as hopes of a trade deal heat up.

Key Takeaways…

I took the following CNBC screenshots this morning regarding January’s first 5 days and 2019 earnings trends:

Fed Shows Patience Regarding Rates
Fed Shows Patience Regarding Rates

Notable S&P 500 Movers…

I’ve highlighted below 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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1/9/19

S&P 500 Sector Graph

Fed Shows Patience Regarding Rates

S&P 500 (SPY)

Fed Shows Patience Regarding Rates

Communication Services (XLC)

Fed Shows Patience Regarding Rates

Consumer Discretionary (XLY)

Fed Shows Patience Regarding Rates

Consumer Staples (XLP)

Fed Shows Patience Regarding Rates

Energy (XLE)

Fed Shows Patience Regarding Rates

Financials (XLF)

Fed Shows Patience Regarding Rates

Real Estate (XLRE)

Fed Shows Patience Regarding Rates

Healthcare (XLV)

Fed Shows Patience Regarding Rates

Industrials (XLI)

Fed Shows Patience Regarding Rates

Materials (XLB)

Fed Shows Patience Regarding Rates

Technology (XLK)

Fed Shows Patience Regarding Rates

Utilities (XLU)

Fed Shows Patience Regarding Rates

S&P 500 Sector Heat Map

Fed Shows Patience Regarding Rates

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