Major Averages Rebounded Against December Lows

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as major averages rebounded against December lows. 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 edge higher after US ends all exemptions from Iran oil sanctions

U.S. stock index futures were slightly higher Tuesday morning, as market participants await a flurry of corporate earnings. At around 02:00 a.m. ET, Dow futures rose by 23 points, indicating a positive open of more than 27 points. Futures on the S&P and Nasdaq were both seen marginally higher.

The S&P 500 (SPY) rose +0.88% today. Sector advancers led decliners 9 to 2 as shown below in the sector graph. Healthcare (XLV) led advancers higher with a +1.58% gain. Communication services (XLC), consumer discretionary (XLY), real estate (XLRE) and technology (XLK) also had gains of over 1%. Financials (XLF), industrials (XLI), materials (XLB) and utilities (XLU) each had minor gains of less than 1%. Consumer staples (XLP) and energy (XLE) each suffered small losses of less than 1%.

The Dow Jones index climbed +145 points (+0.55%) to close at 26,656. The Nasdaq jumped +105 points (+1.32%) to settle at 8,120.

Major Averages Rebounded Against December Lows

Stocks rallied on Tuesday as both the S&P 500 and the Nasdaq reached record closing highs buoyed by strong quarterly earnings. I took the CNBC screenshot this morning to represent how far the major averages have rebounded from December lows:

Major Averages Rebounded Against December Lows

Stronger than expected earnings from Coca Cola, United Technologies, Lockheed Martin and Procter & Gamble powered the market higher. More than 78% of the S&P 500 companies who have reported earnings have beaten quarterly estimates, according to FactSet data.

Key Takeaways…

I took the following CNBC screenshots this morning regarding today’s earnings beats, strong guidance and organic sales growth:

Major Averages Rebounded Against December Lows

Major Averages Rebounded Against December Lows

Major Averages Rebounded Against December Lows

Major Averages Rebounded Against December Lows

Major Averages Rebounded Against December Lows

Notable S&P 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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4/23/19

S&P 500 Sector Graph

Major Averages Rebounded Against December Lows

S&P 500 (SPY)

Major Averages Rebounded Against December Lows

Communication Services (XLC)

Major Averages Rebounded Against December Lows

Consumer Discretionary (XLY)

Major Averages Rebounded Against December Lows

Consumer Staples (XLP)

Major Averages Rebounded Against December Lows

Energy (XLE)

Major Averages Rebounded Against December Lows

Financials (XLF)

Major Averages Rebounded Against December Lows

Real Estate (XLRE)

Major Averages Rebounded Against December Lows

Healthcare (XLV)

Major Averages Rebounded Against December Lows

Industrials (XLI)

Major Averages Rebounded Against December Lows

Materials (XLB)

Major Averages Rebounded Against December Lows

Technology (XLK)

Major Averages Rebounded Against December Lows

Utilities (XLU)

Major Averages Rebounded Against December Lows

S&P 500 Sector Heat Map

Major Averages Rebounded Against December Lows

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