Stocks Mixed Despite Encouraging Trade Reports

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after stocks mixed despite encouraging trade reports. 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 slightly higher open

Investors are waking up to new data out of China, which showed that exports unexpectantly fell in August with a large contraction for shipments to the United States.

The S&P 500 (SPY) came close to breaking even, losing -0.01% today. Sector decliners led advancers 6 to 5 as shown below in the sector graph. Consumer staples(XLP), healthcare (XLV), materials (XLB), real estate (XLRE), technology (XLK) and utilities (XLU) each suffered minor losses of less than 1%. Energy (XLE) led advancers with a 2% gain. Financials (XLF) was not too far behind with a 1.53% gain. Communication services (XLC), consumer discretionary (XLY) and industrials (XLI) each enjoyed small gains of less than 1%.

The Dow Jones index added +38 points (+0.14%) to close at 26,835. The Nasdaq subtracted -15 points (-0.19%) to settle at 8,087.

Stocks Mixed Despite Encouraging Trade Reports

Stocks ended mixed on Monday amid encouraging trade reports. The major indexes all started the session trading higher on a Politico report from Friday that said China offered last week to increase purchases of U.S. agricultural products if the U.S. eased restrictions on telecom giant Huawei. China’s offer could also be contingent on the U.S. delaying higher tariffs on about $250 billion worth of Chinese imports, the report said.

Treasury Secretary Steven Mnuchin said Monday morning that China and the U.S. have a “conceptual agreement” on enforcement mechanisms around intellectual property theft, one of the more contentious negotiation points between the two countries.

Key Takeaways…

I took the following CNBC screenshots today regarding moving markets, from historic highs, low volatility rules, cyclicals, industrials 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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9/9/19

S&P 500 Sector Graph

Stocks Mixed Despite Encouraging Trade Reports

S&P 500 (SPY)

Stocks Mixed Despite Encouraging Trade Reports

Communication Services (XLC)

Stocks Mixed Despite Encouraging Trade Reports

Consumer Discretionary (XLY)

Stocks Mixed Despite Encouraging Trade Reports

Consumer Staples (XLP)

Stocks Mixed Despite Encouraging Trade Reports

Energy (XLE)

Stocks Mixed Despite Encouraging Trade Reports

Financials (XLF)

Stocks Mixed Despite Encouraging Trade Reports

Real Estate (XLRE)

Stocks Mixed Despite Encouraging Trade Reports

Healthcare (XLV)

Stocks Mixed Despite Encouraging Trade Reports

Industrials (XLI)

Stocks Mixed Despite Encouraging Trade Reports

Materials (XLB)

Stocks Mixed Despite Encouraging Trade Reports

Technology (XLK)

Stocks Mixed Despite Encouraging Trade Reports

Utilities (XLU)

Stocks Mixed Despite Encouraging Trade Reports

S&P 500 Sector Heat Map

 

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