Recent Data Suggest Solid Economy

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as recent data suggest solid economy. 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:

Stocks pare gains as health care’s slide continues

Johannes Eisele | AFP | Getty Images Health care’s pull back dampened the positive sentiment sparked by stronger-than-expected retail sales data and corporate earnings reports that topped analyst estimates. Retail sales in the U.S. rose by 1.6% last month, the strongest gain since September 2017. Economists polled by Refinitiv expected a gain of 0.9%.

The S&P 500 (SPY) inched up +0.16% today. Sector advancers led decliners 8 to 3 as shown below in the sector graph. Industrials (XLI) +1.15% led advancers higher. Communication services (XLC), consumer staples (XLP), healthcare (XLV), materials (XLB), real estate (XLRE), technology (XLK) and utilities (XLU) each enjoyed minor gains of less than 1%. Consumer discretionary (XLY), energy (XLE) and financials (XLF) each suffered small losses of less than 1%.

The Dow Jones index enjoyed a gain of +110 points (+0.42%) to close at 26,559. The Nasdaq added +1 point (+0.02%) to settle at 7,998.

Recent Data Suggest Solid Economy

Stocks added to recent gains on Thursday as earnings beats and solid retail data boosted investor sentiment regarding the economy. Solid earnings reports have been coming in as 78% of the S&P 500 who have reported earnings have beaten analysts estimates. Retail sales jumped +1.6% in March, its strongest gain since 2017. Estimates had figured a 0.9% gain.

Key Takeaways…

I took the following CNBC screenshots this morning regarding latest earnings beats:

Recent Data Suggest Solid Economy

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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4/18/19

S&P 500 Sector Graph

Recent Data Suggest Solid Economy

S&P 500 (SPY)

Recent Data Suggest Solid Economy

Communication Services (XLC)

Recent Data Suggest Solid Economy

Consumer Discretionary (XLY)

Recent Data Suggest Solid Economy

Consumer Staples (XLP)

Recent Data Suggest Solid Economy

Energy (XLE)

Recent Data Suggest Solid Economy

Financials (XLF)

Recent Data Suggest Solid Economy

Real Estate (XLRE)

Recent Data Suggest Solid Economy

Healthcare (XLV)

Recent Data Suggest Solid Economy

Industrials (XLI)

Recent Data Suggest Solid Economy

Materials (XLB)

Recent Data Suggest Solid Economy

Technology (XLK)

Recent Data Suggest Solid Economy

Utilities (XLU)

Recent Data Suggest Solid Economy

S&P 500 Sector Heat Map

Recent Data Suggest Solid Economy

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