Investors Look For Fed Policy Clues

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as investors look for Fed policy clues. 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 were slightly higher Tuesday morning, amid the busiest week for earnings.

The S&P 500 (SPY) lost -0.08% today. Sector advancers led decliners 8 to 3 as shown below in the sector graph. Healthcare (XLV) led advancers higher with a +1.42% gain. Consumer staples (XLP), energy (XLE), financials (XLF), industrials (XLI), materials (XLB) real estate (XLRE) and utilities (XLU) each enjoyed minor gains of less than 1%. Communication services (XLC), consumer discretionary (XLY) and technology (XLK) each suffered small losses of less than 1%.

The Dow Jones index slipped -19 points (-0.07%) to close at 27,071. The Nasdaq gave back -49 points (-0.59%) to settle at 8,276.

Investors Look For Fed Policy Clues

Stocks ended in the red Tuesday only suffering marginal losses as investors eye the upcoming Federal Reserve meeting.

The U.S. central bank is largely expected to lower interest rates by 25 basis points. That would be the third time this year the Fed cuts rates. However, investors will also look for clues about the Fed’s policy decisions in the future.

Data from FactSet shows 78% of the S&P 500 companies that have reported thus far beat analyst expectations. Investors are also increasing bets that at least a partial trade deal between China and the U.S. will be signed next month.

Key Takeaways…

I took the following CNBC screenshots today regarding earnings at the half and data tracker:

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. Photo Credit: federal reserve.gov

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10/29/19

S&P 500 Sector Graph

Investors Look For Fed Policy Clues

S&P 500 (SPY)

Investors Look For Fed Policy Clues

Communication Services (XLC)

Investors Look For Fed Policy Clues

Consumer Discretionary (XLY)

Investors Look For Fed Policy Clues

Consumer Staples (XLP)

Investors Look For Fed Policy Clues

Energy (XLE)

Investors Look For Fed Policy Clues

Financials (XLF)

Investors Look For Fed Policy Clues

Real Estate (XLRE)

Investors Look For Fed Policy Clues

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

Technology (XLK)

Utilities (XLU)

S&P 500 Sector Heat Map

 

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