Investors Play Waiting Game Regarding China Trade

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after investors play waiting game regarding China trade. 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:

Dow futures point to a lower open as investors monitor US-China trade developments

U.S. stock index futures were lower Wednesday morning as market players remain focused on U.S.-China trade developments. At around 8:20 a.m. ET, Dow Jones Industrial Average futures fell 63 points, indicating a decline of more than 37 points at the open. Futures on the S&P 500 and Nasdaq 100 also pointed to a lower open.

The S&P 500 (SPY) fell -0.65% today. Sector decliners led advancers 9 to 2 as shown below in the sector graph. Healthcare (XLV) -1.46% and energy (XLE) -1.27% led decliners down. Communication services (XLC), consumer discretionary (XLY), consumer staples (XLP), financials (XLF), industrials (XLI), real estate (XLRE) and technology (XLK) each had small losses of less than 1%. Materials (XLB) and utilities (XLU) each had minor gains of less than 1%.

The Dow Jones index subtracted 133 points (-0.52%) to close at 25,673. The Nasdaq gave back 70 points (-0.93%) to close at 7,505.

Investors Play Waiting Game Regarding China Trade

Stocks dropped on Wednesday as investors play the waiting game regarding China trade. All 3 major averages have a 3 day losing streak. I found the following quote in the above CNBC article regarding US China trade, “Most of the big items that have driven the market over the past two months are done,” said Tom Martin, senior portfolio manager at Globalt. “The market is guessing there will be some sort of trade deal that will end the larger hostilities. “The news has people waiting; that’s what you’re seeing in the averages over the last several days,” Martin said.

Key Takeaways…

I took the following CNBC screenshots this morning regarding transports topping out, market stalling out and more room to rally:

Investors Play Waiting Game Regarding China Trade

Investors Play Waiting Game Regarding China Trade

Investors Play Waiting Game Regarding China Trade

Notable S&P 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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3/6/19

S&P 500 Sector Graph

Investors Play Waiting Game Regarding China Trade

S&P 500 (SPY)

Investors Play Waiting Game Regarding China Trade

Communication Services (XLC)

Investors Play Waiting Game Regarding China Trade

Consumer Discretionary (XLY)

Investors Play Waiting Game Regarding China Trade

Consumer Staples (XLP)

Investors Play Waiting Game Regarding China Trade

Energy (XLE)

Investors Play Waiting Game Regarding China Trade

Financials (XLF)

Investors Play Waiting Game Regarding China Trade

Real Estate (XLRE)

Investors Play Waiting Game Regarding China Trade

Healthcare (XLV)

Investors Play Waiting Game Regarding China Trade

Industrials (XLI)

Investors Play Waiting Game Regarding China Trade

Materials (XLB)

Investors Play Waiting Game Regarding China Trade

Technology (XLK)

Investors Play Waiting Game Regarding China Trade

Utilities (XLU)

Investors Play Waiting Game Regarding China Trade

S&P 500 Sector Heat Map

Investors Play Waiting Game Regarding China Trade

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