Jobless Claims Drop Showing Strong Workforce

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as jobless claims drop showing strong workforce. 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 on Thursday.

The S&P 500 (SPY) rose by +0.15% today. Sector advancers led decliners 8 to 3 as shown below in the sector graph. Communication services (XLC), financials (XLF), healthcare (XLV), industrials (XLI), materials (XLB), real estate (XLRE), technology (XLK) and utilities (XLU) each had small gains of less than 1%. Consumer discretionary (XLY), consumer staples (XLP) and energy (XLE) suffered minor losses of less than 1%.

The Dow Jones index added +28 points (+0.10%) to close at 27,677. The Nasdaq advanced a minimal +4 points (+0.05%) to settle at 8,570.

Jobless Claims Drop Showing Strong Workforce

Stocks ended flat Thursday as the Street saw strong employment data and followed China trade news.

U.S. weekly jobless claims dropped 203,000 last week, the Labor Department said. That’s below a Reuters estimate of 215,000. The print was the lowest in seven months. The report quelled fears stemming from a disappointing private payrolls number released Wednesday. It also comes a day before the government’s monthly nonfarm payrolls report.

On Wednesday, the Dow gained nearly 150 points after Bloomberg News reported Wednesday, citing sources, that both countries were inching closer to securing an agreement on the amount of tariffs that would be rolled back in a limited trade deal. President Donald Trump also said Wednesday that he believed trade talks with Beijing were going “very well.”

Key Takeaways…

I took the following CNBC screenshots today regarding moving markets, stellar year, where is the stock market 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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12/5/19

S&P 500 Sector Graph

Jobless Claims Drop Showing Strong Workforce

S&P 500 (SPY)

Jobless Claims Drop Showing Strong Workforce

Communication Services (XLC)

Jobless Claims Drop Showing Strong Workforce

Consumer Discretionary (XLY)

Jobless Claims Drop Showing Strong Workforce

Consumer Staples (XLP)

Jobless Claims Drop Showing Strong Workforce

Energy (XLE)

Jobless Claims Drop Showing Strong Workforce

Financials (XLF)

Jobless Claims Drop Showing Strong Workforce

Real Estate (XLRE)

Jobless Claims Drop Showing Strong Workforce

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

Technology (XLK)

Utilities (XLU)

S&P 500 Sector Heat Map

 

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