Stocks Pullback Following Geopolitical Worries

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as stocks pullback following geopolitical worries. 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:

Dow futures drop 200 points after US air strike kills Iran’s top military leader

U.S. stock index futures were sharply lower Friday morning, after the U.S. confirmed an air strike that killed a top Iranian commander. At around 1:40 a.m. ET, Dow futures dropped 213 points, indicating a lower open of more than 213 points. Futures on the S&P 500 and Nasdaq indexes were also lower.

The S&P 500 (SPY) slipped -0.71% today. Sector decliners led advancers 9 to 2 as shown below in the sector graph. Financials (XLF), materials (XLB) and technology (XLK) led decliners down with losses of more than 1%. Communication services (XLC), consumer discretionary (XLY), consumer staples (XLP), energy (XLE), healthcare (XLV) and industrials (XLI) each suffered minor losses of less than 1%. Real estate (XLRE) and utilities (XLU) each enjoyed small gains of less than 1%.

The Dow Jones index lost -233 points (-0.81%) to close at 28,634. The Nasdaq gave back -71 points (-0.79%) to settle at 9,020.

Stocks Pullback Following Geopolitical Worries

Stocks pulled back from recent highs Friday as a US airstrike killed an Iranian commander, raising geopolitical worries.

U.S. crude oil futures settled up 3% at $63.05 per barrel and briefly gained 4.8%, raising concerns about an energy shock on the global economy.

The U.S. announced late Thursday that it had killed Iran’s top commander, Gen. Qasem Soleimani, in Baghdad in an airstrike. Soleimani had been a key figure in Iranian politics, and his death has raised concerns over a potential retaliation from the Iranian forces.

Key Takeaway…

I took the following CNBC screenshot today regarding 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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S&P 500 Sector Graph

Stocks Pullback Following Geopolitical Worries

S&P 500 (SPY)

Stocks Pullback Following Geopolitical Worries

Communication Services (XLC)

Stocks Pullback Following Geopolitical Worries

Consumer Discretionary (XLY)

Stocks Pullback Following Geopolitical Worries

Consumer Staples (XLP)

Stocks Pullback Following Geopolitical Worries

Energy (XLE)

Stocks Pullback Following Geopolitical Worries

Financials (XLF)

Stocks Pullback Following Geopolitical Worries

Real Estate (XLRE)Stocks Pullback Following Geopolitical Worries

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

Technology (XLK)

Utilities (XLU)

S&P 500 Sector Heat Map


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