Iran Conflict Had No Market Effect

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as Iran conflict had no market effect. 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 higher open

U.S. stock index futures were higher Thursday morning. At around 2:10 a.m. ET, Dow futures rose 42 points, indicating a positive open of more than 106 points. Futures on the S&P and Nasdaq – which both notched intraday records in the previous session – were slightly higher.

The S&P 500 (SPY) gained +0.67% on the day. Sector advancers led decliners 10 to 1 as shown below in the sector graph. Technology (XLK) led advancers higher with a gain of +1.13%. Communication services (XLC), consumer discretionary (XLY), consumer staples (XLP), energy (XLE), financials (XLF), healthcare (XLV), industrials (XLI), materials (XLB) and utilities (XLU) each enjoyed small gains of less than 1%. Real estate (XLRE) suffered minor loss of less than 1%.

The Dow Jones index added +211 points (+0.74%) to close at 28,956. The Nasdaq advanced +74 points (+0.81%) to settle at 9,203.

Iran Conflict Had No Market Effect

Stocks touched record highs Thursday as US Iran tensions seemed to have calmed easing investors fears.

Tensions between Iran and the U.S. simmered down after Trump said Wednesday Iran appeared to be “standing down” after firing a barrage of missiles at military bases housing U.S. troops in Iraq.

“We do not want to be dismissive of the political ramification of recent events, but we doubt that they will have a long-lasting effect on the trajectory of markets unless matters develop well beyond where they stand today,” said Michael Shaoul, chairman and CEO of Marketfield Asset Management, in a note.

The attack was in retaliation for the U.S. killing of Iranian Gen. Qasem Soleimani. Trump also suggested the U.S. would be open to negotiations with the Islamic Republic. “We must all work together toward making a deal with Iran that makes the world a safer and more peaceful place,” Trump said.

Key Takeaway…

Two strategists debate the market drivers in 2020

Despite geopolitical concerns, the Nasdaq and S&P 500 hit new highs in Wednesday’s session. Jim Paulsen, chief investment strategist at the Leuthold Group, and Richard Bernstein, CEO and chief investment officer at Richard Bernstein Advisors, join “Squawk Box” to discuss.

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: CNN.com

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1/9/20

S&P 500 Sector Graph

Iran Conflict Had No Market Effect

S&P 500 (SPY)

Iran Conflict Had No Market Effect

Communication Services (XLC)

Iran Conflict Had No Market Effect

Consumer Discretionary (XLY)

Iran Conflict Had No Market Effect

Consumer Staples (XLP)

Iran Conflict Had No Market Effect

Energy (XLE)

Iran Conflict Had No Market Effect

Financials (XLF)

Iran Conflict Had No Market Effect

Real Estate (XLRE)

Iran Conflict Had No Market Effect

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

Technology (XLK)

Utilities (XLU)

S&P 500 Sector Heat Map

Episode 1: Basic Investment Strategy – Simply Stock Info: The Podcast

Episode 1 goes over my basic investment strategy for individual investors (from years of watching and learning from CNBC).

 

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