Netflix Led Tech Run Pushes Stocks Higher

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as Netflix led tech run pushes stocks higher. 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 gives up 100-point gain on concern about China trade talks

The Dow Jones Industrial Average struggled for traction on Tuesday as concerns over U.S.-China trade talks and weaker-than-expected earnings from J.P. Morgan Chase offset a sharp bounce in tech-related shares. The 30-stock index hovered around the flatline after rising more than 100 points. Boeing, considered a bellwether for global trade fell 0.6 percent.

The S&P 500 (SPY) rose +1.07% today. Sector advancers led decliners 9 to 2 as shown below in the sector graph. Healthcare (XLV) +1.80%, communication services (XLC) +1.66%, technology (XLK) +1.51%, utilities (XLU) +1.23% and real estate (XLRE) +1.13% all led the market higher. Consumer discretionary (XLY), consumer staples (XLP), energy (XLE) and financials (XLF) each had small gains of less than 1%. Industrials (XLI) and materials (XLB) each suffered minor losses of less than 1%.

The Dow Jones index added +155 points (+0.65%) to close at 24,065. The Nasdaq advanced +117 points (+1.71%) to settle at 7,023.

Netflix Led Tech Run Pushes Stocks Higher

Netflix (NFLX) led a tech run rally to push stocks higher on Tuesday as Netflix announced higher membership prices. Shares of Netflix climbed 6.5% as the company is raising prices 13% to 18% on its monthly memberships. Bank earnings came in mixed as JP Morgan reported less profit than expected but rose nearly 1% on the day’s session. Wells Fargo topped earnings but fell short in sales.

Key Takeaways…

I took the following CNBC screenshots this morning regarding JP Morgan by the numbers, 2019 earnings and markets: where are we?:

Netflix Led Tech Run Pushes Stocks Higher

Netflix Led Tech Run Pushes Stocks Higher

Netflix Led Tech Run Pushes Stocks Higher

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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1/15/19

S&P 500 Sector Graph

Netflix Led Tech Run Pushes Stocks Higher

S&P 500 (SPY)

Netflix Led Tech Run Pushes Stocks Higher

Communication Services (XLC)

Netflix Led Tech Run Pushes Stocks Higher

Consumer Discretionary (XLY)

Netflix Led Tech Run Pushes Stocks Higher

Consumer Staples (XLP)

Netflix Led Tech Run Pushes Stocks Higher

Energy (XLE)

Netflix Led Tech Run Pushes Stocks Higher

Financials (XLF)

Netflix Led Tech Run Pushes Stocks Higher

Real Estate (XLRE)

Netflix Led Tech Run Pushes Stocks Higher

Healthcare (XLV)

Netflix Led Tech Run Pushes Stocks Higher

Industrials (XLI)

Netflix Led Tech Run Pushes Stocks Higher

Materials (XLB)

Netflix Led Tech Run Pushes Stocks Higher

Technology (XLK)

Netflix Led Tech Run Pushes Stocks Higher

Utilities (XLU)

Netflix Led Tech Run Pushes Stocks Higher

S&P 500 Sector Heat Map

Netflix Led Tech Run Pushes Stocks Higher

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