Nasdaq Snaps Win Streak
Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after Nasdaq Snaps Win Streak. 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:
The S&P 500 (SPY) fell 0.12% today as the Nasdaq Snaps Win Streak. S&P sector decliners led advancers by 7 to 3. Leading the decliners down was energy (XLE) -1.34%. Other sectors that finished lower less than 1% included consumer staples (XLP), financials (XLF), healthcare (XLV), industrials (XLI), materials (XLB) and real estate (XLRE). Only 3 sectors closed positive less than 1%… consumer discretionary (XLY), technology (XLK) and utilities (XLU).
U.S. equities closed lower on Tuesday as investors digested key economic data, but a rise in tech stocks helped cap losses. (CNBC) The Dow Jones industrial average fell about 50 points, with Goldman Sachs contributing the most losses. (CNBC) The Nasdaq composite traded 0.1 percent despite shares of Amazon breaking above $1,000 for the first time. (CNBC)
Tech has been on fire this year, rising around 20 percent. Nevertheless, the Nasdaq and S&P snapped a seven-day winning streak. (CNBC) “The large tech outperformance is a trend I wouldn’t fight right now,” said Mark Heppenstall, CIO at Penn Mutual Asset Management, but noted, “there’s a lot of good news priced into these stocks.” (CNBC)
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: Reuters/Andrew Kelly
5/30/17 (Apologize for the incompleteness of some SPDR Top 10 holdings charts (screenshots) taken at the time of writing of this post).
S&P 500 Sector Graph
S&P 500 (SPY)
Consumer Discretionary (XLY)
Consumer Staples (XLP)
Real Estate (XLRE)
S&P 500 Sector Heat Map