Stocks Rebound Following Latest Trade Tweet

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as stocks rebound following latest trade tweet. 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 Friday declines as increased tariffs on Chinese goods kick in

Brendan McDermid | Reuters Shares on Wall Street were poised for losses at Friday’s stateside open, as U.S. tariffs on Chinese goods were increased shortly after the stroke of midnight ET. Dow Jones Industrial Average futures slipped 124 points, implying an opening decline of 119.36 points for the index at Friday’s open, as of 12:04 a.m.

The S&P 500 (SPY) ended in the green by +0.37% today. All 11 sectors finished positive on the day. Consumer staples (XLP), materials (XLB), real estate (XLRE) and utilities (XLU) each had gains of over 1%. Communication services (XLC), consumer discretionary (XLY), energy (XLE), financials (XLF), healthcare (XLV), industrials (XLI) and technology (XLK) each had minor gains of less than 1%.

The Dow Jones index added +114 point (+0.44%) to close at 25,942. The Nasdaq advanced +6 points (+0.08%) to settle at 7,916.

Stocks Rebound Following Latest Trade Tweet

Stocks mounted a great recovery from losing 358 points in the Dow as new tariffs against China came into effect after midnight Friday but trade talks between US and China will continue and the leadership relationship remains strong. Equities hit the highs of the day after President Trump’s latest trade related tweet:

Stocks Rebound Following Latest Trade Tweet

Treasury Secretary Steven Mnuchin said China trade talks were “constructive” for the day. Chinese Vice Premier Liu He also said the talks went “fairly well,” according to reports.

Key Takeaway…

I took the following CNBC screenshot today regarding new tariff impact:

Stocks Rebound Following Latest Trade Tweet

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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5/10/19

S&P 500 Sector Graph

Stocks Rebound Following Latest Trade Tweet

S&P 500 (SPY)

Stocks Rebound Following Latest Trade Tweet

Communication Services (XLC)

Stocks Rebound Following Latest Trade Tweet

Consumer Discretionary (XLY)

Stocks Rebound Following Latest Trade Tweet

Consumer Staples (XLP)

Stocks Rebound Following Latest Trade Tweet

Energy (XLE)

Stocks Rebound Following Latest Trade Tweet

Financials (XLF)

Stocks Rebound Following Latest Trade Tweet

Real Estate (XLRE)

Stocks Rebound Following Latest Trade Tweet

Healthcare (XLV)

Stocks Rebound Following Latest Trade Tweet

Industrials (XLI)

Stocks Rebound Following Latest Trade Tweet

Materials (XLB)

Stocks Rebound Following Latest Trade Tweet

Technology (XLK)

Stocks Rebound Following Latest Trade Tweet

Utilities (XLU)

Stocks Rebound Following Latest Trade Tweet

S&P 500 Sector Heat Map

Stocks Rebound Following Latest Trade Tweet

Download our new Handy ETF Guide

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