Investors Sort Through Busy Earnings Week

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as investors sort through busy earnings week. 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 slightly higher open

U.S. stock index futures were slightly higher Tuesday morning.

The S&P 500 (SPY) dropped -0.36% today. Sector decliners led advancers 6 to 5 as shown below in the sector graph. Technology (XLK) -1.35% led decliners down. Communication services (XLC), consumer discretionary (XLY), financials (XLF), materials (XLB) and real estate (XLRE) each suffered small losses of less than 1%. Energy (XLE) led advancers with a +1.29% gain. Consumer staples (XLP), healthcare (XLV), industrials (XLI) and utilities (XLU) each enjoyed minor gains of less than 1%.

The Dow Jones index lost -39 points (-0.15%) to close at 26,788. The Nasdaq subtracted -58 points (-0.72%) to settle at 8,104.

Investors Sort Through Busy Earnings Week

Stocks ended in negative territory Tuesday as investors sifted through a busy week in earnings.

McDonald’s shares dropped 5% earnings and revenue for the previous quarter that missed analyst expectations. The company’s U.S. same-store sales, a key metric for franchises, grew by 4.8%. That’s below a StreetAccount estimate of 5.1%.

Procter & Gamble climbed 2.6% after its results topped expectations. The company’s numbers were driven by Procter’s beauty, health care and fabric and home care lines.

Through Tuesday morning, more than 19% of S&P 500 companies have reported quarterly numbers. Of those companies, nearly 80% have beaten analyst earnings expectations.

Key Takeaways…

I took the following CNBC screenshots today regarding earnings movers, earnings update, looking ahead, key market catalysts 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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10/22/19

S&P 500 Sector Graph

Investors Sort Through Busy Earnings Week

S&P 500 (SPY)

Investors Sort Through Busy Earnings Week

Communication Services (XLC)

Investors Sort Through Busy Earnings Week

Consumer Discretionary (XLY)

Investors Sort Through Busy Earnings Week

Consumer Staples (XLP)

Investors Sort Through Busy Earnings Week

Energy (XLE)

Investors Sort Through Busy Earnings Week

Financials (XLF)

Investors Sort Through Busy Earnings Week

Real Estate (XLRE)

Investors Sort Through Busy Earnings Week

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

Technology (XLK)

Utilities (XLU)

S&P 500 Sector Heat Map

 

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