Market Climbs Preceding Presidential Address

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after market climbs preceding presidential address. 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 slightly lower ahead of Trump’s State of the Union speech

U.S. stock index futures were slightly lower Tuesday morning, as investors looked ahead to another set of corporate results and a key speech from President Donald Trump. At around 3:20 a.m. ET, Dow futures slipped 24 points, indicating a negative open of more than 22 points.

The S&P 500 (SPY) climbed +0.47% today. Sector advancers led decliners 9 to 2 as shown below in the sector graph. Communication services (XLC) led all sectors with a +1.10% gain. Consumer discretionary (XLY), consumer staples (XLP), energy (XLE), industrials (XLI), materials (XLB), real estate (XLRE), technology (XLK) and utilities (XLU) each enjoyed small gains of less than 1%. Financials (XLF) and healthcare (XLV) each suffered minor losses of less than 1%.

The Dow Jones index added +172 points (+0.68%) to close at 25,411. The Nasdaq jumped +54 points (+0.74%) to settle at 7,402.

Market Climbs Preceding Presidential Address

Investors turned their attention to the State of the Union address as stocks rose on Tuesday. The market is looking to get an update on US China trade talks in the address, as well as drug pricing and a possible infrastructure bill. Almost half of S&P 500 companies have reported earnings thru Tuesday morning, with 70% of those companies beating expectations.

Key Takeaways…

I took the following CNBC screenshots this morning regarding the global rally rolls on and market internals:

Market Climbs Preceding Presidential Address

Market Climbs Preceding Presidential Address

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.

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

2/5/19

S&P 500 Sector Graph

Market Climbs Preceding Presidential Address

S&P 500 (SPY)

Market Climbs Preceding Presidential Address

Communication Services (XLC)

Market Climbs Preceding Presidential Address

Consumer Discretionary (XLY)

Market Climbs Preceding Presidential Address

Consumer Staples (XLP)

Market Climbs Preceding Presidential Address

Energy (XLE)

Market Climbs Preceding Presidential Address

Financials (XLF)

Market Climbs Preceding Presidential Address

Real Estate (XLRE)

Market Climbs Preceding Presidential Address

Healthcare (XLV)

Market Climbs Preceding Presidential Address

Industrials (XLI)

Market Climbs Preceding Presidential Address

Materials (XLB)

Market Climbs Preceding Presidential Address

Technology (XLK)

Market Climbs Preceding Presidential Address

Utilities (XLU)

Market Climbs Preceding Presidential Address

S&P 500 Sector Heat Map

Market Climbs Preceding Presidential Address

Leave a Reply

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