Netflix Help Stocks Finish Strong

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as Netflix help stocks finish strong. 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:

S&P 500 and Nasdaq close at record highs as Netflix jumps

The dollar fell to trade 0.6 percent lower against a basket of currencies following Powell’s speech. The greenback’s fall helped boost gold and oil prices, which are both traded in dollars. “The dollar has gone up a bit recently; it’s been a pretty crowded trade,” said Aaron Hurd, senior portfolio manager of currency at State Street Global Advisors.

The S&P 500 (SPY) climbed +0.62% on Friday. Sector advancers led decliners 11 to 1 as shown below in the sector graph. Communication services (XLC) +1.46%, materials (XLB) +1.30% and technology (XLK) +1.01% led advancers. Consumer discretionary (XLY), energy (XLE), financials (XLF), healthcare (XLV), industrials (XLI), real estate (XLRE) and utilities (XLU) each had small gains of less than 1%. Consumer staples (XLP) slipped into the red by less than 1%.

The Dow Jones index finished in the green by +133 points (+0.52%) to close at 25,790. The Nasdaq advanced +67 points (+0.86%) to settle at 7,945.

Netflix Help Stocks Finish Strong

All 3 major indexes rose on Friday after the Fed characterized the economy as “strong.” Netflix (NFLX) jumped 5.8% after an upgrade to buy citing success in the international markets. Netflix’s gain helped the Nasdaq reach an all time high. The S&P 500 also reached an all time high led by materials (XLB) and technology (XLK).

Key Takeaways…

The following CNBC screenshots were taken Friday morning regarding market trends, risks to the economy and soothing the markets:

Netflix Help Stocks Finish Strong

Netflix Help Stocks Finish Strong

Netflix Help Stocks Finish Strong

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. Photo Credit: Netflix.com 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

8/25/18

S&P 500 Sector Graph

Netflix Help Stocks Finish Strong

S&P 500 (SPY)

Netflix Help Stocks Finish Strong

Communication Services (XLC)

Netflix Help Stocks Finish Strong

Consumer Discretionary (XLY)

Netflix Help Stocks Finish Strong

Consumer Staples (XLP)

Netflix Help Stocks Finish Strong

Energy (XLE)

Netflix Help Stocks Finish Strong

Financials (XLF)

Netflix Help Stocks Finish Strong

Real Estate (XLRE)

Netflix Help Stocks Finish Strong

Healthcare (XLV)

Netflix Help Stocks Finish Strong

Industrials (XLI)

Netflix Help Stocks Finish Strong

Materials (XLB)

Netflix Help Stocks Finish Strong

Technology (XLK)

Netflix Help Stocks Finish Strong

Utilities (XLU)

Netflix Help Stocks Finish Strong

S&P 500 Sector Heat Map

Netflix Help Stocks Finish Strong

Leave a Reply

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