Persisting Trade Fears Drag Stocks Lower

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as persisting trade fears drag stocks lower. 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 fall amid concerns over trade, global growth

U.S. stock index futures were lower Friday morning, with market participants increasingly worried about a broadening global economic slowdown. At around 4:00 a.m. ET, Dow Jones Industrial Average futures slipped 70 points, indicating a negative open of more than 75 points. Futures on the S&P 500 and Nasdaq Composite were also seen relatively downbeat.

The S&P 500 (SPY) inched up +0.07% today. Sector advancers led decliners 7 to 4 as shown below in the sector graph. Communication services (XLC), consumer staples (XLP), healthcare (XLV), industrials (XLI), real estate (XLRE), technology (XLK) and utilities (XLU) each had small gains of less than 1%. Consumer discretionary (XLY), energy (XLE), financials (XLF) and materials (XLB) each had minor losses of less than 1%.

The Dow Jones index lost 63 points (-0.25%) to close at 25,106. The Nasdaq added +9 points (+0.14%) to settle at 7,298.

Persisting Trade Fears Drag Stocks Lower

Investors continuing worries regarding US China trade worries dragged stocks lower on Friday. The Wall St. Journal reported the two countries have yet to put together a draft regarding matters of agreement or disagreement. 

Key Takeaways…

I took the following CNBC screenshot this morning regarding sole growth engine:

Persisting Trade Fears Drag Stocks Lower

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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2/8/19

S&P 500 Sector Graph

Persisting Trade Fears Drag Stocks Lower

S&P 500 (SPY)

Persisting Trade Fears Drag Stocks Lower

Communication Services (XLC)

Persisting Trade Fears Drag Stocks Lower

Consumer Discretionary (XLY)

Persisting Trade Fears Drag Stocks Lower

Consumer Staples (XLP)

Persisting Trade Fears Drag Stocks Lower

Energy (XLE)

Persisting Trade Fears Drag Stocks Lower

Financials (XLF)

Persisting Trade Fears Drag Stocks Lower

Real Estate (XLRE)

Persisting Trade Fears Drag Stocks Lower

Healthcare (XLV)

Persisting Trade Fears Drag Stocks Lower

Industrials (XLI)

Persisting Trade Fears Drag Stocks Lower

Materials (XLB)

Persisting Trade Fears Drag Stocks Lower

Technology (XLK)

Persisting Trade Fears Drag Stocks Lower

Utilities (XLU)

Persisting Trade Fears Drag Stocks Lower

S&P 500 Sector Heat Map

Persisting Trade Fears Drag Stocks Lower

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