Major Averages Hit Highs Starting Year

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as major averages hit highs starting year. 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 a higher open

U.S. stock index futures were higher Thursday morning, ahead of the first trading day of 2020. At around 1:40 a.m. ET, Dow futures climbed 84 points, indicating a slightly higher open of 80 points. Futures on the S&P 500 and Nasdaq indexes were also higher. U.S.

Also be sure to check out Simply Stock Info’s 1st podcast episode, explaining my basic investment strategy (from years of watching and learning from CNBC) and examining the top 10 holdings of ETFs. Be sure to subscribe to the podcast, to stay updated with new episodes.

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).

The S&P 500 (SPY) rose by +0.84% today. Sector advancers led decliners 7 to 4 as shown below in the sector graph. Communication services (XLC), consumer discretionary (XLY), industrials (XLI) and technology (XLK) led advancers higher with gains of more than 1%. Energy (XLE), financials (XLF) and healthcare (XLV) each enjoyed minor gains of less than 1%. Utilities (XLU), real estate (XLRE) and materials (XLB) led decliners down with losses of over 1%. Consumer staples (XLP) suffered a small loss of less than 1%.

The Dow Jones index added +330 points (+1.16%) to close at 28,868. The Nasdaq popped +119 points higher settling at 9,092.

Major Averages Hit Highs Starting Year

Stocks continued their December Santa Claus rally into the new year as stocks reached new highs.

Thursday’s gains come after Wall Street booked a strong 2019 performance on Tuesday, with the S&P 500 rising 28.9% in the year. That was the broad index’s biggest annual gain since 2013, when it surged 29.6%. The Dow, meanwhile, climbed 22.3% while the Nasdaq Composite skyrocketed more than 35%.

While global stocks are off to a good start for 2020, investors will remain tracking trade developments as well as political risks.

President Donald Trump said Tuesday that he will be signing a first phase trade deal with China on Jan. 15 at the White House. The president also announced that he will be going to Beijing at a later date when phase two talks begin.

Key Takeaways…

I took the following CNBC screenshots today regarding earnings in 2020, earnings growth, early innings Q1 earnings, Santa Claus rally and driving the action:

Notable S&P 500 Movers…

Below I’ve highlighted some notable S&P 500 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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S&P 500 Sector Graph

Major Averages Hit Highs Starting Year

S&P 500 (SPY)

Major Averages Hit Highs Starting Year

Communication Services (XLC)

Major Averages Hit Highs Starting Year

Consumer Discretionary (XLY)

Major Averages Hit Highs Starting Year

Consumer Staples (XLP)

Major Averages Hit Highs Starting Year

Energy (XLE)

Major Averages Hit Highs Starting Year

Financials (XLF)

Major Averages Hit Highs Starting Year

Real Estate (XLRE)

Major Averages Hit Highs Starting Year

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

Technology (XLK)

Utilities (XLU)

S&P 500 Sector Heat Map


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