Q2 Starts Strong Following Manufacturing Data

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after Q2 starts strong following manufacturing data. 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 surges 300 points to start off the quarter on strong US and China data

U.S. manufacturing activity expanded last month, rebounding from its lowest level since late 2016, according to data from the Institute for Supply Management. The Dow and S&P 500 jumped to their highs of the day on the data.

The S&P 500 (SPY) climbed +1.16% today. Sector advancers led decliners 8 to 3 as shown below in the sector graph. Financials (XLF) +2.45% and industrials (XLI) +2.07% led market higher. Communication services (XLC), consumer discretionary (XLY), energy (XLE), materials (XLB) and technology (XLK) each had gains of over 1%. Healthcare (XLV) had a small gain of less than 1%. Consumer staples (XLP), real estate (XLRE) and utilities (XLU) each suffered minor losses of less than 1%.

The Dow Jones index added +329 points (+1.27%) to close at 26,258. The Nasdaq advanced +99 points (+1.29%) to settle at 7,828.

Q2 Starts Strong Following Manufacturing Data

Stocks jumped on Monday following encouraging manufacturing data that gave Q2 a strong start. US construction spending increased for 3 consecutive months in February. An increase in Chinese manufacturing data raised investor sentiment.

Key Takeaways…

I took the following CNBC screenshots this morning regarding stocks at the first turn, S&P 500 golden cross, April strong month and top sector buys:

Q2 Starts Strong Following Manufacturing Data

Q2 Starts Strong Following Manufacturing Data

Q2 Starts Strong Following Manufacturing Data

Q2 Starts Strong Following Manufacturing Data

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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4/1/19

S&P 500 Sector Graph

Q2 Starts Strong Following Manufacturing Data

S&P 500 (SPY)

Q2 Starts Strong Following Manufacturing Data

Communication Services (XLC)

Q2 Starts Strong Following Manufacturing Data

Consumer Discretionary (XLY)

Q2 Starts Strong Following Manufacturing Data

Consumer Staples (XLP)

Q2 Starts Strong Following Manufacturing Data

Energy (XLE)

Q2 Starts Strong Following Manufacturing Data

Financials (XLF)

Q2 Starts Strong Following Manufacturing Data

Real Estate (XLRE)

Q2 Starts Strong Following Manufacturing Data

Healthcare (XLV)

Q2 Starts Strong Following Manufacturing Data

Industrials (XLI)

Q2 Starts Strong Following Manufacturing Data

Materials (XLB)

Q2 Starts Strong Following Manufacturing Data

Technology (XLK)

Q2 Starts Strong Following Manufacturing Data

Utilities (XLU)

Q2 Starts Strong Following Manufacturing Data

S&P 500 Sector Heat Map

Q2 Starts Strong Following Manufacturing Data

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