Optimism Springs Rally Forward

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as optimism springs rally forward. 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 move slightly higher amid US-China trade talks

U.S. stock index futures were slightly higher on Tuesday morning, with market participants cautiously optimistic Washington and Beijing could be on the verge of a trade deal. At around 03:35 a.m. ET, Dow Jones Industrial Average futures rose 97 points, indicating a positive open of more than 99 points.

The S&P 500 (SPY) rose +0.97% today. All 11 sectors finished in the green as shown below in the sector graph. Communication services (XLC), consumer discretionary (XLY), industrials (XLI), materials (XLB), real estate (XLRE) and utilities (XLU) led the market higher as each sector gained more than 1%. Consumer staples (XLP), energy (XLE), financials (XLF), healthcare (XLV) and technology (XLK) each advanced less than 1%.

The Dow Jones index jumped +256 points (+1.09%) to settle at 23,787. The Nasdaq climbed +73 points (+1.08%) to close at 6,897.

Optimism Springs Rally Forward

Stocks ended in positive territory on Tuesday as investors have growing optimism towards a US China trade deal. Apple’s Tim Cook feels good about “real time” information he receives regarding the US China trade talk.

President Trump expressed hope in US China trade talks by tweeting the following on Tuesday:

Optimism Springs Rally Forward

Key Takeaway…

I took the following CNBC screenshot this morning regarding US China trade talks:

Optimism Springs Rally Forward

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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1/8/19

S&P 500 Sector Graph

Optimism Springs Rally Forward

S&P 500 (SPY)

Optimism Springs Rally Forward

Communication Services (XLC)

Optimism Springs Rally Forward

Consumer Discretionary (XLY)

Optimism Springs Rally Forward

Consumer Staples (XLP)

Optimism Springs Rally Forward

Energy (XLE)

Optimism Springs Rally Forward

Financials (XLF)

Optimism Springs Rally Forward

Real Estate (XLRE)

Optimism Springs Rally Forward

Healthcare (XLV)

Optimism Springs Rally Forward

Industrials (XLI)

Optimism Springs Rally Forward

Materials (XLB)

Optimism Springs Rally Forward

Technology (XLK)

Optimism Springs Rally Forward

Utilities (XLU)

Optimism Springs Rally Forward

S&P 500 Sector Heat Map

Optimism Springs Rally Forward

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