Stocks Finally Tumble Toward DC Drama

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after Stocks Finally Tumble Toward DC Drama. 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:

http://www.cnbc.com/2017/05/17/us-markets.html

The S&P 500 (SPY) sank 1.82% today after Stocks Finally Tumble Toward DC Drama. S&P sector decliners led advancers by 8 to 2. Leading the decliners to the downside was financials (XLF) -3.15%, technology (XLK) -2.73%, materials (XLB) -2.11%, industrials (XLI) -2%, consumer discretionary (XLY) -1.62% and healthcare (XLV) -1.31%. 2 other sectors finished lower less than 1%… consumer staples (XLP) and energy (XLE). Real estate (XLRE) and utilities (XLU) were the only two sectors that finished positive less than 1%.

U.S. equities closed sharply lower on Wednesday as investors fretted over the latest news coming out of Washington. (CNBC) The Dow Jones industrial average ended about 370 points lower, with Goldman Sachs contributing the most losses. The S&P 500 dropped 1.8 percent, with financials tumbling 3.1 percent to lead decliners. Financials posted their worst day since June 24 were pulled down by banks, with the SPDR S&P Bank ETF (KBE) falling 3.9 percent. (CNBC) The Nasdaq composite lagged, shedding 2.6 percent, and posted its worst session since June 24. (CNBC)

NBC News confirmed Tuesday a report from The New York Times that former FBI Director James Comey put together a memo outlining a conversation in which President Donald Trump allegedly asked him to halt an investigation into Michael Flynn, the former national security adviser.

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

Stocks Finally Tumble Toward DC Drama

S&P 500 (SPY)

Stocks Finally Tumble Toward DC Drama

Consumer Discretionary (XLY)

Stocks Finally Tumble Toward DC Drama

Consumer Staples (XLP)

Stocks Finally Tumble Toward DC Drama

Energy (XLE)

Stocks Finally Tumble Toward DC Drama

Financials (XLF)

Stocks Finally Tumble Toward DC Drama

Real Estate (XLRE)

Stocks Finally Tumble Toward DC Drama

Healthcare (XLV)

Stocks Finally Tumble Toward DC Drama

Industrials (XLI)

Stocks Finally Tumble Toward DC Drama

Materials (XLB)

Stocks Finally Tumble Toward DC Drama

Technology (XLK)

Stocks Finally Tumble Toward DC Drama

Utilities (XLU)

Stocks Finally Tumble Toward DC Drama

S&P 500 Sector Heat Map

Stocks Finally Tumble Toward DC Drama

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