Possible Global Economic Slowdown Sparks Selloff

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as possible global economic slowdown sparks selloff. 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 point to more than 200-point decline at Friday’s open

Dow Jones Industrial Average futures are pointing to a decline of more than 200 points in the index at Friday’s open, as markets in Asia were broadly lower after two straight sessions of gains. Dow futures were lower by 211.38 points at 12:45 a.m. ET.

The S&P 500 (SPY) dropped -1.91% today. All 11 sectors finished in the red. Healthcare (XLV) -3.37%, technology (XLK) -2.45% and energy (XLE) -2.33% led the market down. Consumer discretionary (XLY), consumer staples (XLP) and industrials (XLI) each lost more than 1%. Communication services (XLC), financials (XLF), materials (XLB), real estate (XLRE) and utilities (XLU) each suffered minor losses of less than 1%.

The Dow Jones index and Nasdaq felt the pressure of investors hitting the sell button with the Dow losing -496 points (-2.02%) to close at 24,100. The Nasdaq did worse, giving back -159 points (-2.26%) to settle at 6,910.

Possible Global Economic Slowdown Sparks Selloff

Weak economic data coming out of China had investors thinking of a possible global economic slowdown. China reported weak industrial output and retail sales.

Key Takeaway…

I took the following CNBC screenshot this morning regarding Chinese economic data:

Possible Global Economic Slowdown Sparks Selloff

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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12/14/18

S&P 500 Sector Graph

Possible Global Economic Slowdown Sparks Selloff

S&P 500 (SPY)

Possible Global Economic Slowdown Sparks Selloff

Communication Services (XLC)

Possible Global Economic Slowdown Sparks Selloff

Consumer Discretionary (XLY)

Possible Global Economic Slowdown Sparks Selloff

Consumer Staples (XLP)

Possible Global Economic Slowdown Sparks Selloff

Energy (XLE)

Possible Global Economic Slowdown Sparks Selloff

Financials (XLF)

Possible Global Economic Slowdown Sparks Selloff

Real Estate (XLRE)

Possible Global Economic Slowdown Sparks Selloff

Healthcare (XLV)

Possible Global Economic Slowdown Sparks Selloff

Industrials (XLI)

Possible Global Economic Slowdown Sparks Selloff

Materials (XLB)

Possible Global Economic Slowdown Sparks Selloff

Technology (XLK)

Possible Global Economic Slowdown Sparks Selloff

Utilities (XLU)

Possible Global Economic Slowdown Sparks Selloff

S&P 500 Sector Heat Map

Possible Global Economic Slowdown Sparks Selloff

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