Restarting Trade Talks Spark Equities

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as restarting trade talks spark equities. 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 drop 300 points at the open as US-China trade war escalates

U.S. stock futures fell sharply at Sunday night’s open following the latest escalation in the U.S.-China trade war by President Donald Trump. Dow Jones Industrial Average traded 356 points lower, indicating a drop of 301 points at Monday’s open. S&P 500 and Nasdaq 100 futures pointed to 1% drops for both indexes.

The S&P 500 (SPY) rose +1.10% today. All 11 sectors ended in the green as shown below in the sector graph. Communication services (XLC), consumer staples (XLP), healthcare (XLV), technology (XLK) and utilities (XLU) led the market higher, each gaining more than 1%. Consumer discretionary (XLY), energy (XLE), financials (XLF), industrials (XLI), materials (XLB) and real estate (XLRE) each had small gains of less than 1%.

The Dow Jones index climbed +269 points (+1.05%) to close at 25,898. The Nasdaq advanced +101 points (+1.32%) to settle at 7,853.

Restarting Trade Talks Spark Equities

Stocks popped higher Monday as President Trump said the Chinese are ready to restart trade talks.

“China called last night our top trade people and said ‘let’s get back to the table’ so we will be getting back to the table and I think they want to do something. They have been hurt very badly but they understand this is the right thing to do and I have great respect for it. This is a very positive development for the world, ” Trump said.

Key Takeaways…

I took the following CNBC screenshots today regarding rough waters, safety trade extended, cyclicals in 2019, market snapshot and driving the action:

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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S&P 500 Sector Graph

Restarting Trade Talks Spark Equities

S&P 500 (SPY)

Restarting Trade Talks Spark Equities

Communication Services (XLC)

Restarting Trade Talks Spark Equities

Consumer Discretionary (XLY)

Restarting Trade Talks Spark Equities

Consumer Staples (XLP)

Restarting Trade Talks Spark Equities

Energy (XLE)

Restarting Trade Talks Spark Equities

Financials (XLF)

Restarting Trade Talks Spark Equities

Real Estate (XLRE)

Restarting Trade Talks Spark Equities

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

Technology (XLK)

Utilities (XLU)

S&P 500 Sector Heat Map


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