Investor Nerves Change with Market Headlines

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as investor nerves change with market headlines. 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 on Wall Street

U.S. stock index futures were trading higher on Monday morning.

The S&P 500 (SPY) rose 0.50% today. Sector advancers led decliners 9 to 2 as shown below in the sector graph. Technology (XLK) +1.05% led advancers higher. Communication services (XLC), consumer discretionary (XLY), consumer staples (XLV), healthcare (XLV), industrials (XLI), materials (XLB), real estate (XLRE) and utilities (XLU) each enjoyed small gains of less than 1%. Energy (XLE) and financials (XLF) each suffered minor losses of less than 1%.

The Dow Jones index added +96 points (+0.36%) to close at 26,916. The Nasdaq advanced +59 points (+0.75%) to settle at 7,999.

Investor Nerves Change with Market Headlines

Stocks ended in positive territory on Monday as investor sentiment was upbeat on US China trade discussions.

In a statement over the weekend, a Treasury spokeswoman said the Trump administration “is not contemplating blocking Chinese companies from listing shares on U.S. stock exchanges at this time.” The statement, along with better-than-expected economic data out of China, lifted Wall Street sentiment on Monday.

Wall Street ended lower on Friday on reports that the White House is considering limiting U.S. investment into China, including a possible delisting of Chinese companies from U.S. stock exchanges, in a further escalation of the ongoing trade dispute between the world’s two largest economies. White House trade advisor Peter Navarro told CNBC those reports were inaccurate.

“The fundamentals of the U.S. economy remain strong but investors’ skittishness has caused stocks to fluctuate with the ebb and flow of news headlines,” Doug Peta, chief U.S. investment strategist at BCA Research, said in a note. “The U.S.-China trade war continues to loom as the biggest risk to the global economy and the main source of investor angst.”

Key Takeaways…

I took the following CNBC screenshots today regarding global markets in Q3, sector laggards in Q3, sector leaders, earnings issues, earnings update 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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9/30/19

S&P 500 Sector Graph

Investor Nerves Change with Market Headlines

S&P 500 (SPY)

Investor Nerves Change with Market Headlines

Communication Services (XLC)

Investor Nerves Change with Market Headlines

Consumer Discretionary (XLY)

Investor Nerves Change with Market Headlines

Consumer Staples (XLP)

Investor Nerves Change with Market Headlines

Energy (XLE)

Investor Nerves Change with Market Headlines

Financials (XLF)

Investor Nerves Change with Market Headlines

Real Estate (XLRE)

Investor Nerves Change with Market Headlines

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

Technology (XLK)

Utilities (XLU)

S&P 500 Sector Heat Map

 

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