Resurgent Coronavirus Fears Spook Stocks

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as resurgent coronavirus fears spook 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 lower open on Wall Street

U.S. stock index futures are pointing to a lower open on Wall Street Thursday as investors continue to worry about the spread of the coronavirus and look ahead to a slew of earnings. At around 1.45 E.T., Dow futures were down 115 points and indicated an implied negative open of more than 96 points, while futures on the S&P 500 and Nasdaq were also lower.

The S&P 500 (SPY) slipped -0.16% today. Sector decliners led advancers 7 to 4 as shown below in the sector graph. Consumer discretionary (XLY), energy (XLE), financials (XLF), healthcare (XLV), industrials (XLI), materials (XLB) and technology (XLK) each suffered small losses of less than 1%. Utilities (XLU) led advancers with a gain of more than 1%.Communication services (XLC), consumer staples (XLP) and real estate (XLRE each enjoyed minor gains of less than 1%.

The Dow Jones index dropped -128 points (-0.43%) to close at 29,423. The Nasdaq lost -13 points (-0.14%) to settle at 9,711.

Resurgent Coronavirus Fears Spook Stocks

Stocks landed in the red Thursday as an increase in coronavirus cases spooked investors.

China said it confirmed 15,152 new cases and 254 additional deaths. That brings the country’s total death toll to 1,367 as the number of people infected jumped to nearly 60,000, according to the Chinese government.

The jump in cases was due to the way Chinese authorities are counting them. Health authorities in Hubei province said Thursday that they changed the way they tabulate case totals — “clinically diagnosed” cases now count toward the “confirmed case” count, resulting in the sudden surge among the latter.

There are concerns China may be under-reporting the number of coronavirus cases in its country. A senior Trump administration official told CNBC the U.S. does “not have high confidence in the information coming out of China.” The official added China “continues to rebuff American offers of assistance.”

Key Takeaways…

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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2/13/20

S&P 500 Sector Graph

Resurgent Coronavirus Fears Spook Stocks

S&P 500 (SPY)

Resurgent Coronavirus Fears Spook Stocks

Communication Services (XLC)

Resurgent Coronavirus Fears Spook Stocks

Consumer Discretionary (XLY)

Resurgent Coronavirus Fears Spook Stocks

Episode 1: Basic Investment Strategy – Simply Stock Info: The Podcast

Simply Stock Info: The Podcast Episode 1: Basic Investment Strategy Episode 1 goes over my basic investment strategy for individual investors (from years of watching and learning from CNBC).

Consumer Staples (XLP)

Resurgent Coronavirus Fears Spook Stocks

Energy (XLE)

Resurgent Coronavirus Fears Spook Stocks

Financials (XLF)

Resurgent Coronavirus Fears Spook Stocks

Real Estate (XLRE)

Resurgent Coronavirus Fears Spook Stocks

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

Technology (XLK)

Utilities (XLU)

S&P 500 Sector Heat Map

 

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