Latest Trade Deal Fears Jolt Stocks

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as latest trade deal fears jolt stocks. 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 another triple-digit drop as trade tensions weigh on the markets

U.S. stock index futures were lower on Tuesday morning, as market participants continued to monitor trade relations between the U.S. and China. At around 5:40 a.m. ET, Dow futures indicated a decline of more than 130 points at the open. Futures on the S&P and Nasdaq were also lower.

The S&P 500 (SPY) dropped -1.65% today. All 11 sectors finished in the red. Technology (XLK) -2.15% and industrials (XLI) -2.02% led decliners down. Communication services (XLC), consumer discretionary (XLY), financials (XLF), healthcare (XLV), materials (XLB) and real estate (XLRE) each lost more than 1%. Consumer staples (XLP), energy (XLE) and utilities (XLU) each lost less than 1%.

The Dow Jones index gave back 473 points (-1.79%) to close at 25,965. The Nasdaq lost 159 points (-1.96%) to settle at 7,963.

Latest Trade Deal Fears Jolt Stocks

Stocks finished in the red Tuesday as the latest trade comments hit investor sentiment. Trade rep Lighthizer’s comments discouraged investors who saw President Trump’s latest trade comments as negotiation tactics.

Key Takeaways…

I took the following CNBC screenshots today regarding trade talks upside, tariff downside, risks to the downside, market movers in 2019 and May rotation:

Latest Trade Deal Fears Jolt Stocks

Latest Trade Deal Fears Jolt Stocks

Latest Trade Deal Fears Jolt Stocks

Latest Trade Deal Fears Jolt Stocks

Latest Trade Deal Fears Jolt Stocks

Notable S&P Movers…

Below I’ve highlighted some 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.

Download our new Handy ETF Guide

Subscribe to get our free weekly newsletter by email.

We won't send you spam. Unsubscribe at any time. Powered by ConvertKit

5/7/19

S&P 500 Sector Graph

Latest Trade Deal Fears Jolt Stocks

S&P 500 (SPY)

Latest Trade Deal Fears Jolt Stocks

Communication Services (XLC)

Latest Trade Deal Fears Jolt Stocks

Consumer Discretionary (XLY)

Latest Trade Deal Fears Jolt Stocks

Consumer Staples (XLP)

Latest Trade Deal Fears Jolt Stocks

Energy (XLE)

Latest Trade Deal Fears Jolt Stocks

Financials (XLF)

Latest Trade Deal Fears Jolt Stocks

Real Estate (XLRE)

Latest Trade Deal Fears Jolt Stocks

Healthcare (XLV)

Latest Trade Deal Fears Jolt Stocks

Industrials (XLI)

Latest Trade Deal Fears Jolt Stocks

Materials (XLB)

Latest Trade Deal Fears Jolt Stocks

Technology (XLK)

Latest Trade Deal Fears Jolt Stocks

Utilities (XLU)

Latest Trade Deal Fears Jolt Stocks

S&P 500 Sector Heat Map

Latest Trade Deal Fears Jolt Stocks

Download our new Handy ETF Guide

Subscribe to get our free weekly newsletter by email.

We won't send you spam. Unsubscribe at any time. Powered by ConvertKit

 

Leave a Reply

Your email address will not be published. Required fields are marked *