Stocks Rally Ending Dreadful Month

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as stocks rally ending dreadful month. 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 set to rise more than 200 points, GM shares jump on earnings

U.S. stock index futures pointed to a higher open on Wednesday as solid quarterly results from General Motors and Facebook lifted sentiment, but the major indexes were still on track to post sharp losses for the month.

The S&P 500 (SPY) rose +1.09% today. Sector advancers led decliners 8 to 3 as shown below in the sector graph. Technology (XLK) +2.38% and communication services (XLC) +2.06% led advancers. Consumer discretionary (XLY), financials (XLF) and materials (XLB) each enjoyed gains of over 1%. Energy (XLE), healthcare (XLV) and industrials (XLI) each had minor gains of less than 1%. Real estate (XLRE) and utilities (XLU) each fell more than 1%. Consumer staples (XLP) dropped less than 1%.

The Dow Jones index jumped +241 points (+0.97%) to close at 25,115. The Nasdaq climbed +144 points (+2.01%) to settle at 7,305.

Stocks Rally Ending Dreadful Month

Both the S&P 500 (+1.09%) and the Nasdaq (+2.01%) had rallies ending a horrible month of October for stocks. For the month, the S&P 500 lost -6.9%, the Dow -5.1% and Nasdaq lost -9.2%. Netflix (NFLX) popped more than 5% as technology (XLK), consumer discretionary (XLY) and communication services (XLC) propelled the market higher today.

Key Takeaways…

I took the following CNBC screenshots this morning regarding looking to November and the Amazon play unwinds:

Stocks Rally Ending Dreadful Month

Stocks Rally Ending Dreadful Month

Notable S&P 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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10/31/18

S&P 500 Sector Graph

Stocks Rally Ending Dreadful Month

S&P 500 (SPY)

Stocks Rally Ending Dreadful Month

Communication Services (XLC)

Stocks Rally Ending Dreadful Month

Consumer Discretionary (XLY)

Stocks Rally Ending Dreadful Month

Consumer Staples (XLP)

Stocks Rally Ending Dreadful Month

Energy (XLE)

Stocks Rally Ending Dreadful Month

Financials (XLF)

Stocks Rally Ending Dreadful Month

Real Estate (XLRE)

Stocks Rally Ending Dreadful Month

Healthcare (XLV)

Stocks Rally Ending Dreadful Month

Industrials (XLI)

Stocks Rally Ending Dreadful Month

Materials (XLB)

Stocks Rally Ending Dreadful Month

Technology (XLK)

Stocks Rally Ending Dreadful Month

Utilities (XLU)

Stocks Rally Ending Dreadful Month

S&P 500 Sector Heat Map

Stocks Rally Ending Dreadful Month

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