Stocks Fall Following Strong November Gains

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as stocks fall following strong November gains. 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:

Stock futures rise slightly as Wall Street is set to wrap up a historic November

Stock futures rose slightly in overnight trading on Sunday as the market looks set to finish November with historically strong gains. Futures on the Dow Jones Industrial Average gained 64 points. S&P 500 futures traded 0.3% higher and Nasdaq 100 futures gained 0.5%.

The S&P 500 (SPY) fell -0.46% today. Sector decliners led advancers 9 to 2 as shown below in the sector graph. Losses ranged from -5.53% to less than 1%. Healthcare (XLV) and technology (XLK) enjoyed minor gains of less than 1%.

The Dow Jones index dropped -271 points (-0.91%) to close at 29,638. The Nasdaq finished in the red by -7 points (-0.06%) to settle at 12,198.

Stocks Fall Following Strong November Gains

Stocks slipped on Monday as investors digested strong November gains.

Despite Monday’s losses, the major averages posted sharp monthly gains.

The blue-chip Dow rose 11.8% in November, its best monthly performance since January 1987, as promising vaccine developments boosted confidence of a smooth economic reopening. The S&P 500 and the Nasdaq climbed 10.8% and 11.8%, respectively, in November, their biggest monthly advances since April.

Small caps were on a tear this month as investors piled into beaten-down value names. The Russell 2000 rallied more than 18% in November, its best month ever.

Cyclical sectors, those most economically sensitive groups, led the market’s November rally amid a slew of positive vaccine news. Energy, 2020′s biggest loser, jumped 26.6% this month, while financials, industrials and materials all gained at least 12.2% during this period.

Key Takeaways…

Black Friday online shopping on track to hit record as holiday shoppers skip stores, Adobe says

Online sales on Black Friday are on track to reach a record high this year, as bargain hunters combed websites for deals and avoided stores during the coronavirus pandemic, according to preliminary data from Adobe Analytics.

Notable S&P 500 Movers…

Below I’ve highlighted some notable S&P 500 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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11/30/20

S&P 500 Sector Graph

Stocks Fall Following Strong November Gains

S&P 500 (SPY)

Stocks Fall Following Strong November Gains

Communication Services (XLC)

Stocks Fall Following Strong November Gains

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Consumer Discretionary (XLY)

Stocks Fall Following Strong November Gains

Consumer Staples (XLP)

Stocks Fall Following Strong November Gains

Energy (XLE)

Stocks Fall Following Strong November Gains

Financials (XLF)

Stocks Fall Following Strong November Gains

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Real Estate (XLRE)

Stocks Fall Following Strong November Gains

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

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Technology (XLK)

Stocks Fall Following Strong November Gains

Utilities (XLU)

S&P 500 Sector Heat Map

 

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