Nasdaq Milestone Leads Year End Rally

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as Nasdaq milestone leads year end rally. 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:

Stocks set to open slightly higher as year-end rally continues

Stock futures pointed to a higher open on Thursday morning, adding to a record-setting rally in the year-end. Futures on the Dow Jones Industrial Average rose about 36 points, implying a 31-point gain at the open. Futures on the S&P 500 and the Nasdaq Composite were also trading higher.

The S&P 500 (SPY) rose +0.51% today. Sector advancers led decliners 9 to 2 as shown below in the sector graph. Consumer discretionary (XLY) +1.22% led advancers higher. Communication services (XLC), consumer staples (XLP), financials (XLF), industrials (XLI), materials (XLB), real estate (XLRE), technology (XLK) and utilities (XLU) each enjoyed minor gains of less than 1%. Energy (XLE) and healthcare (XLV) each suffered small losses of less than 1%.

The Dow Jones index popped +105 points higher (+0.37%) to close at 28,621. The Nasdaq jumped +69 points (+0.78%) to settle at 9,022.

Nasdaq Milestone Leads Year End Rally

Stocks added to the year end rally Thursday as the Nasdaq topped 9,000 for the first time.

Investors have been adding more risk after the U.S. and China announced they have reached a phase one trade agreement earlier this month. The two countries are in the process of translating the deal, aiming to sign it in early January.

Stocks typically get a boost this time of the year during the so-called Santa Claus rally period. In the final five trading days of the year and the first two tradings days of the new year, the S&P 500 has posted a 1.3% gain on average since 1950, according to the Stock Trader’s Almanac. This year’s period began Tuesday.

Key Takeaways…

I took the following CNBC screenshots today regarding top sectors 09-19, bottom sectors 09-19, 2020’s what’s next, mean reversion. 2019 CEO shakeup, S&P 500 year over year since 1928, 2019 holiday sales trends and driving the action:

Notable S&P 500 Movers…

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. Photo Credit: Nasdaq.com

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12/26/19

S&P 500 Sector Graph

Nasdaq Milestone Leads Year End Rally

S&P 500 (SPY)

Nasdaq Milestone Leads Year End Rally

Communication Services (XLC)

Nasdaq Milestone Leads Year End Rally

Consumer Discretionary (XLY)

Nasdaq Milestone Leads Year End Rally

Consumer Staples (XLP)

Nasdaq Milestone Leads Year End Rally

Energy (XLE)

Nasdaq Milestone Leads Year End Rally

Financials (XLF)

Nasdaq Milestone Leads Year End Rally

Real Estate (XLRE)

Nasdaq Milestone Leads Year End Rally

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

Technology (XLK)

Utilities (XLU)

S&P 500 Sector Heat Map

 

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