Investors Focus Toward G20 Trade Talks

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as investors focus toward G20 trade talks. 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:

Stocks close little changed with the June rally on hold ahead of US-China trade talks

Stocks were little changed on Monday as investors looked ahead to a key meeting between President Donald Trump and Chinese President Xi Jinping at this week’s upcoming G-20 summit. The Dow Jones Industrial Average closed just 10 points higher, while the S&P 500 slid 0.2%. The Nasdaq Composite closed 0.3% lower.

The S&P 500 (SPY) slipped -0.17% today. Sector decliners led advancers 6 to 5 as shown below in the sector graph. Consumer discretionary (XLY), energy (XLE), financials (XLF), healthcare (XLV), industrials (XLI) and real estate (XLRE) each suffered minor losses of less than 1%. Communication services (XLC), consumer staples (XLP), materials (XLB), technology (XLK) and utilities (XLU) each enjoyed small gains of less than 1%.

The Dow Jones index added +8 points (+0.03%) to close at 26,727. The Nasdaq subtracted 26 points (-0.32%) to settle at 8,005.

Investors Focus Toward G20 Trade Talks

Stocks stayed close to the break even line Monday as investors focused towards US China trade talks later in the week. President Trump and Chinese leader Xi are expected to engage in trade talks at the G20 Summit which starts Friday. Stocks have staged a major comeback in June as the major averages are up at least +7% each in June, erasing steep losses in May as the trade war heated up.

Key Takeaways…

I took the following CNBC screenshots today regarding the pulse of the market, energy call, driving the action and low volatility versus momentum:

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.

Download our new Handy ETF Guide

Subscribe to get our free weekly newsletter by email.

We won't send you spam. Unsubscribe at any time. Powered by ConvertKit

6/24/19

S&P 500 Sector Graph

Investors Focus Toward G20 Trade Talks

S&P 500 (SPY)

Investors Focus Toward G20 Trade Talks

Communication Services (XLC)

Investors Focus Toward G20 Trade Talks

Consumer Discretionary (XLY)

Investors Focus Toward G20 Trade Talks

Consumer Staples (XLP)

Investors Focus Toward G20 Trade Talks

Energy (XLE)

Investors Focus Toward G20 Trade Talks

Financials (XLF)

Investors Focus Toward G20 Trade Talks

Real Estate (XLRE)

Investors Focus Toward G20 Trade Talks

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

Technology (XLK)

Utilities (XLU)

S&P 500 Sector Heat Map

 

Leave a Reply

Your email address will not be published. Required fields are marked *