Stocks Rebound Since Biggest Drop
Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after Stocks Rebound Since Biggest Drop. 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 S&P 500 (SPY) turned positive today by 0.37% after Stocks Rebound Since Biggest Drop. S&P sector advancers led decliners by nine to one. All sectors were positive less than 1% except energy (XLE), which was negative less than 1%.
U.S. stocks closed higher on Thursday, recovering from their worst day of 2017, as investors assessed President Donald Trump’s chances of moving forward with his pro-growth agenda. (CNBC) The Dow Jones industrial average gained around 55 points after a lower open, with UnitedHealth contributing the most gains. Cisco Systems, though, fell 7.2 percent after the company issued weak guidance. (CNBC) The S&P 500 rose about 0.4 percent, with telecommunications advancing 1.2 percent to lead advancers. The Nasdaq composite outperformed, gaining 0.7 percent. (CNBC)
U.S. equities suffered their worst day of the year Wednesday, with the Dow dropping 372 points, on the back of news that Comey put together a memo outlining a conversation in which Trump allegedly asked him to halt an investigation into former National Security adviser Michael Flynn. (CNBC) “I think we just saw the market taking stock of itself,” said Arian Vojdani, investment strategist at MV Financial. “If the administration can keep a low profile, then investors who sell on headlines will calm down.” (CNBC)
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.
S&P 500 Sector Graph
S&P 500 (SPY)
Consumer Discretionary (XLY)
Consumer Staples (XLP)
Real Estate (XLRE)
S&P 500 Sector Heat Map