Possible Trade Deal Delay Sinks Stocks

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as a possible trade deal delay sinks 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:

US futures point to slightly higher open

U.S. stock index futures were slightly higher on Tuesday.

The S&P 500 (SPY) fell -0.66% today. Sector decliners led advancers 9 to 2 as shown below in the sector graph. Consumer discretionary (XLY), energy (XLE), financials (XLF) and industrials (XLI) led decliners down with losses of -1% or more. Communication services (XLC), consumer staples (XLP), healthcare (XLV), materials (XLB) and technology (XLK) suffered minor losses of less than 1%. Real estate (XLRE) and utilities (XLU) enjoyed small gains of less than 1%.

The Dow Jones index dropped -280 points (-1.01%) to close at 27,502. The Nasdaq lost -47 points (-0.55%) to settle at 8,520.

Possible Trade Deal Delay Sinks Stocks

Stocks finished in the red Tuesday as President Trump implied that a China trade deal may not happen until after the 2020 presidential election.

β€œIn some ways, I like the idea of waiting until after the election for the China deal, but they want to make a deal now and we will see whether or not the deal is going to be right,” Trump told reporters earlier on Tuesday.

When asked if he had a deal deadline, he added: β€œI have no deadline, no … In some ways, I think it is better to wait until after the election if you want to know the truth.”

Key Takeaways…

I took the following CNBC screenshots today regarding sensitivity trading (stocks with China exposure):

Trump: A China trade deal depends on whether I want to make it

CNBC’s Willem Marx reports from London on President Trump’s comments on China that moved the markets.

Notable S&P 500 Movers…

I’ve highlighted below 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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12/3/19

S&P 500 Sector Graph

Possible Trade Deal Delay Sinks Stocks

S&P 500 (SPY)

Possible Trade Deal Delay Sinks Stocks

Communication Services (XLC)

Possible Trade Deal Delay Sinks Stocks

Consumer Discretionary (XLY)

Possible Trade Deal Delay Sinks Stocks

Consumer Staples (XLP)

Possible Trade Deal Delay Sinks Stocks

Energy (XLE)

Possible Trade Deal Delay Sinks Stocks

Financials (XLF)

Possible Trade Deal Delay Sinks Stocks

Real Estate (XLRE)

Possible Trade Deal Delay Sinks Stocks

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

Technology (XLK)

Utilities (XLU)

S&P 500 Sector Heat Map

 

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