Stocks End Flat Preceding Big Tech Earnings
Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after Stocks End Flat Preceding Big Tech Earnings. 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:
The S&P 500 (SPY) barely moved, rising 0.06% today as Stocks End Flat Preceding Big Tech Earnings. S&P advancers versus decliners were tied 5 to 5. Sectors that closed positive less than 1% included consumer discretionary (XLY), healthcare (XLV), real estate (XLRE), technology (XLK) and utilities (XLU). Sectors that finished lower less than 1%… consumer staples (XLP), energy (XLE), financials (XLF), industrials (XLI) and materials (XLB).
U.S. stocks closed higher Thursday ahead of major tech company earnings. (CNBC) Information technology was among the top S&P 500 performers, while energy was the worst, dropping more than 1 percent as oil prices fell about 2 percent on oversupply concerns. (CNBC) “We remain hard pressed to get excited for the prospect of higher oil prices in a sub-two percent GDP growth environment as production in the U.S. continues to increase and rig counts rise,” Lindsey Bell, investment strategist at CFRA, said in a Thursday note to clients.. “Incremental demand from emerging markets would be necessary to more substantially drive down inventory levels.” (CNBC) Alphabet, Amazon.com, Intel, Microsoft, and Starbucks are among companies set to report after the closing bell. (CNBC)
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.
S&P 500 Sector Graph
S&P 500 (SPY)
Consumer Discretionary (XLY)
Consumer Staples (XLP)
Real Estate (XLRE)
S&P 500 Sector Heat Map