Stocks Mixed Amid Home Depot Losses

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as stocks mixed amid Home Depot losses. 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 Dow is pulled lower by Home Depot but the S&P 500 closes little changed

Stocks hit fresh record highs on Tuesday but quickly faded from those levels as losses in Home Depot outweighed a rise in Boeing shares.

The S&P 500 (SPY) lost -0.06% today. Sector decliners led advancers 6 to 5 as shown below in the sector graph. Consumer discretionary (XLY) and energy (XLE) both led decliners down each with losses of more than 1%. Consumer staples (XLP), industrials (XLI), materials (XLB) and utilities (XLU) each suffered small losses of less than 1%. Communication services (XLC), financials (XLF), healthcare (XLV), real estate (XLRE) and technology (XLK) each enjoyed minor gains of less than 1%.

The Dow Jones index dropped -102 points (-0.36%) to close at 27,934. The Nasdaq rose by +20 points (+0.24%) to settle at 8,570.

Stocks Mixed Amid Home Depot Losses

Stocks ended mixed Tuesday as Home Depot’s earnings stood out.

Home Depot shares slid 5.4% after disappointing same-store sales, a key metric for retailers, overshadowed better-than-expected earnings. The stock’s decline shaved off 88 points from the Dow.

Meanwhile, Boeing shares gave back a 1.5% gain after the National Transportation Safety Board recommended the airplane maker redesign the engine covers on thousands of its 737 planes. The stock in initially rose after Boeing wrangled up 50 orders for the embattled 737 Max jet at the Dubai Air Show. One order for 20 planes came from an undisclosed buyer while a Kazakhstan-based airline put in another one for 30 planes. The stock ended the day down 0.7%.

CNBC, citing a government source, reported that China is pessimistic about a trade deal with the U.S. This is reportedly due to different views on the cancellation of tariffs. Former White House chief economic advisor Gary Cohn told CNBC Monday that he believes President Donald Trump will go ahead with the Dec. 15 tariffs if the U.S. and China haven’t agreed to a trade deal by then. Trump then said Tuesday he would impose even higher tariffs on China if a deal is not reached.

Key Takeaways…

I took the following CNBC screenshots today regarding Home Depot, big tech in November, rough road for retail 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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11/19/19

S&P 500 Sector Graph

Stocks Mixed Amid Home Depot Losses

S&P 500 (SPY)

Stocks Mixed Amid Home Depot Losses

Communication Services (XLC)

Stocks Mixed Amid Home Depot Losses

Consumer Discretionary (XLY)

Stocks Mixed Amid Home Depot Losses

Consumer Staples (XLP)

Stocks Mixed Amid Home Depot Losses

Energy (XLE)

Stocks Mixed Amid Home Depot Losses

Financials (XLF)

Stocks Mixed Amid Home Depot Losses

Real Estate (XLRE)

Stocks Mixed Amid Home Depot Losses

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

Technology (XLK)

Utilities (XLU)

S&P 500 Sector Heat Map

 

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