Headline Chaos Leads to Market Confusion

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as headline chaos leads to market confusion. 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 slightly higher open

U.S. stock index futures edged higher Wednesday morning.

The S&P 500 (SPY) rose +0.63% today. All 11 sectors landed in the green as shown below in the sector graph. Energy (XLE) led all sectors higher with a gain of +1.50%. Communication services (XLC), consumer discretionary (XLY), consumer staples (XLP), financials (XLF), real estate (XLRE), healthcare (XLV), industrials (XLI), materials (XLB), technology (XLK) and utilities (XLU) each had minor gains of less than 1%.

The Dow Jones index climbed +146 points (+0.53%) to close at 27,649. The Nasdaq added +46 points (+0.54%) to settle at 8,566.

Headline Chaos Leads to Market Confusion

All major averages ended in positive territory Wednesday after whipsaw trade headlines left investors and the market wondering what’s next.

“The volatility in equities over the last 72 hours is very discordant with the amount of actual incremental news crossing the wires,” said Adam Crisafulli, founder of Vital Knowledge, in a note. “Markets are reacting too violently on both the downside and upside to all these headlines.”

On the data front, private payrolls rose by just 67,000 last month, according to data from ADP and Moody’s Analytics. That’s well below an estimate of 150,000.

Key Takeaways…

I took the following CNBC screenshots today regarding what’s moving market, mixed bag of data, market confusion and driving the action:

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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12/4/19

S&P 500 Sector Graph

Headline Chaos Leads to Market Confusion

S&P 500 (SPY)

Headline Chaos Leads to Market Confusion

Communication Services (XLC)

Headline Chaos Leads to Market Confusion

Consumer Discretionary (XLY)

Headline Chaos Leads to Market Confusion

Consumer Staples (XLP)

Headline Chaos Leads to Market Confusion

Energy (XLE)

Headline Chaos Leads to Market Confusion

Financials (XLF)

Headline Chaos Leads to Market Confusion

Real Estate (XLRE)

Headline Chaos Leads to Market Confusion

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

Technology (XLK)

Utilities (XLU)

S&P 500 Sector Heat Map

 

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