Possible Trade War Leaves Investors Selling

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after possible trade war leaves investors selling. 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 looks headed for a 200-point drop at the open as trade war fears intensify

U.S. stock index futures pointed to a sharply lower open on Friday morning, after China responded with retaliatory measures to President Donald Trump’s intensifying war on Beijing’s trade practices. Trump pressed ahead with long-promised anti-China charges on Thursday. The U.S. president signed an executive memorandum that will impose tariffs on up to $60 billion in Chinese imports.

The S&P 500 (SPY) fell into a sea of red, falling -2.10% today as possible trade war leaves investors selling. All 10 sectors were in the red today. Financials (XLF) led all sectors down with a -3.04% decline. Technology (XLK) and healthcare (XLV) both had losses of -2% or more. Consumer discretionary (XLY), consumer staples (XLP), industrials (XLI), materials (XLB), real estate (XLRE) and utilities (XLU) each had losses of -1% or more. Energy (XLE) had a minor loss of less than 1%.

The Dow Jones index was set reeling into correction territory, losing -424 points (-1.77%) closing at 23,533. The Nasdaq lost -2.43% today, losing -174 points to settle at 6,992.

All major averages had their worst week since January 2016 as investors pressed the sell button while a possible trade war between the U.S. and China heats up. The Dow had a weekly loss of -5.7%, the S&P 500 was -5.99% and Nasdaq -6.5% on the week. China responded to the $60 billion in tariffs announced by the U.S. on Thursday, against the country’s imports by proposing a list of 128 U.S. products as retaliation targets.

Notable S&P movers…

  • AAPL -2.32%
  • MSFT -2.61%
  • AMZN -3.19%
  • FB -3.34%
  • BRK.B -2.62%
  • JPM -2.67%
  • JNJ -1.79%
  • GOOGL -2.53%
  • NFLX -1.88%
  • HD -1.99%

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.

3/23/18

S&P 500 Sector Graph

Possible Trade War Leaves Investors Selling

S&P 500 (SPY)

Possible Trade War Leaves Investors Selling

Consumer Discretionary (XLY)

Possible Trade War Leaves Investors Selling

Consumer Staples (XLP)

Possible Trade War Leaves Investors Selling

Energy (XLE)

Possible Trade War Leaves Investors Selling

Financials (XLF)

Possible Trade War Leaves Investors Selling

Real Estate (XLRE)

Possible Trade War Leaves Investors Selling

Healthcare (XLV)

Possible Trade War Leaves Investors Selling

Industrials (XLI)

Possible Trade War Leaves Investors Selling

Materials (XLB)

Possible Trade War Leaves Investors Selling

Technology (XLK)

Possible Trade War Leaves Investors Selling

Utilities (XLU)

Possible Trade War Leaves Investors Selling

S&P 500 Sector Heat Map

Possible Trade War Leaves Investors Selling

Leave a Reply

Your email address will not be published. Required fields are marked *