Investors Modify Trade Deal Time Frame

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as investors modify trade deal time frame. 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 stocks are set to rebound after trade fears roil markets

U.S. stock index futures were higher on Friday morning, as market participants continue to monitor trade tensions between the world’s two-largest economies. At 5:30 a.m. ET, Dow futures indicated a positive open of more than 120 points. Futures on the S&P and Nasdaq were both higher.

The S&P 500 (SPY) inched up +0.14% today. Sector advancers led decliners 8 to 3 as shown below in the sector graph. Consumer discretionary (XLY), energy (XLE), financials (XLF), healthcare (XLV), industrials (XLI), materials (XLB), real estate (XLRE) and technology (XLK) each had small gains of less than 1%. Communication services (XLC), consumer staples (XLP) and utilities (XLU) each had minor losses of less than 1%.

The Dow Jones index added +95 points (+0.37%) to close at 25,585. The Nasdaq advanced +8 points (+0.11%) to settle at 7,637.

Investors Modify Trade Deal Time Frame

Stocks gained on Friday but couldn’t stop the weekly losses as investors reassess the China trade deal time frame. The Dow lost 0.70% on the week, its 5th consecutive weekly loss. Both the S&P 500 and the Nasdaq dropped for a third straight week. With the string of weekly losses, investors are beginning to reassess the China trade deal time frame.

Key Takeaway…

I took the following CNBC screenshots this morning regarding sector losers, sector gainers and Wall Street’s wild swings:

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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5/24/19

S&P 500 Sector Graph

Investors Modify Trade Deal Time Frame

S&P 500 (SPY)

Investors Modify Trade Deal Time Frame

Communication Services (XLC)

Investors Modify Trade Deal Time Frame

Consumer Discretionary (XLY)

Investors Modify Trade Deal Time Frame

Consumer Staples (XLP)

Investors Modify Trade Deal Time Frame

Energy (XLE)

Investors Modify Trade Deal Time Frame

Financials (XLF)

Investors Modify Trade Deal Time Frame

Real Estate (XLRE)

Investors Modify Trade Deal Time Frame

Healthcare (XLV)

Investors Modify Trade Deal Time Frame

Industrials (XLI)

Materials (XLB)

Technology (XLK)

Utilities (XLU)

S&P 500 Sector Heat Map

 

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