Optimism Towards China Trade Deal Lift Stocks

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as optimism towards China trade deal lift stocks. 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:

Futures point to a triple-digit gain for Dow on US-China trade optimism

U.S. stock index futures were higher Wednesday morning, with market participants hopeful that Chinese and U.S. trade authorities will reach an agreement. At around 2:18 a.m. ET, Dow Jones Industrial Average futures rose 108 points, indicating a positive open of more than 112 points. Futures on the S&P and Nasdaq were also seen slightly higher.

The S&P 500 (SPY) crawled up +0.30% today. Sector advancers led decliners 10 to 1 as shown below in the sector graph. Energy (XLE) led advancers with a +1.25% gain. Communication services (XLC), consumer discretionary (XLY), consumer staples (XLP), financials (XLF), healthcare (XLV), industrials (XLI), materials (XLB), real estate (XLRE) and technology (XLK). each had minor gains of less than 1%. Utilities (XLU) suffered a small loss of less than 1%.

The Dow Jones index added +117 points (+0.46%) to close at 25,543. The Nasdaq advanced +5 points (+0.08%) to settle at 7,420.

Optimism Towards China Trade Deal Lift Stocks

Stocks finished in the green on Wednesday as optimism grew that the US could reach an agreement with China on a new trade deal. President Trump said on Tuesday that he might be open to postponing the current March deadline so both countries could come to an agreement. On Wednesday the South China Morning Post reported that Chinese President Xi Jinping will meet with US delegates including Treasury Secretary Steven Mnuchin as both sides negotiate a deal.

Key Takeaways…

I took the following CNBC screenshots this morning regarding trade headlines moving markets and tech comeback:

Optimism Towards China Trade Deal Lift Stocks

Optimism Towards China Trade Deal Lift Stocks

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. Information Credit: News Headlines and quotes were taken from CNBC in the writing of this post.

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2/13/19

S&P 500 Sector Graph

Optimism Towards China Trade Deal Lift Stocks

S&P 500 (SPY)

Optimism Towards China Trade Deal Lift Stocks

Communication Services (XLC)

Optimism Towards China Trade Deal Lift Stocks

Consumer Discretionary (XLY)

Optimism Towards China Trade Deal Lift Stocks

Consumer Staples (XLP)

Optimism Towards China Trade Deal Lift Stocks

Energy (XLE)

Optimism Towards China Trade Deal Lift Stocks

Financials (XLF)

Optimism Towards China Trade Deal Lift Stocks

Real Estate (XLRE)

Optimism Towards China Trade Deal Lift Stocks

Healthcare (XLV)

Optimism Towards China Trade Deal Lift Stocks

Industrials (XLI)

Optimism Towards China Trade Deal Lift Stocks

Materials (XLB)

Optimism Towards China Trade Deal Lift Stocks

Technology (XLK)

Optimism Towards China Trade Deal Lift Stocks

Utilities (XLU)

Optimism Towards China Trade Deal Lift Stocks

S&P 500 Sector Heat Map

Optimism Towards China Trade Deal Lift Stocks

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