Stocks Resilient Against Turbulent Trade News

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as stocks resilient against turbulent trade news. 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 mixed open

U.S. stock index futures were mixed Monday morning.

The S&P 500 (SPY) rose by +0.05% today. Sector advancers led decliners 7 to 4 as shown below in the sector graph. Communication services (XLC), consumer discretionary (XLY), consumer staples (XLP), financials (XLF), real estate (XLRE), technology (XLK) and utilities (XLU) each enjoyed small gains of less than 1%. Energy (XLE) led decliners down with a loss of -1.22%. Healthcare (XLV), industrials (XLI) and materials (XLB) each suffered minor losses of less than 1%.

The Dow Jones index added +31 points (+0.11%) to close at 28,036. The Nasdaq advanced +9 points (+0.11%) to settle at 8,549.

Stocks Resilient Against Turbulent Trade News

Stocks had marginal gains on Monday as stocks remain resilient against whipsaw trading news.

CNBC’s Eunice Yoon reported, citing a government source, that Chinese officials are pessimistic about the prospect of a U.S.-China trade deal. China is troubled by President Donald Trump saying recently the U.S. would not roll back tariffs as they thought both sides had agreed to do so in principle, Yoon reports.

“The stock market has shown remarkable resiliency,” Robert Pavlik, chief investment strategist at SlateStone Wealth, said in a note. “What is more remarkable is that the issues that the market has been dealing with since the start of the year haven’t dissipated but have been grown or become more complicated.”

Over the past month, the Dow and S&P 500 are both up more than 4%. The Nasdaq, meanwhile, is up 5.8% in that time. The Dow also closed above 28,000 for the first time on Friday.

Ilya Feygin, senior strategist at WallachBeth Capital, noted stocks might be getting a boost thanks to investors’ fear or missing out on the current rally.

“The market has been driven in recent weeks by people getting back their S&P 500 and Dow exposure,” he said. “We saw about $9.5 billion in net inflows into U.S. equity ETFs, and we’ve had a lot of weeks like that lately. A lot of people were caught cautious and have been forced to put money to work at higher levels.”

Key Takeaways…

I took the following CNBC screenshots today regarding market milestones, moving markets, earnings bottoming, undisrupted champions 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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S&P 500 Sector Graph

Stocks Resilient Against Turbulent Trade News

S&P 500 (SPY)

Stocks Resilient Against Turbulent Trade News

Communication Services (XLC)

Stocks Resilient Against Turbulent Trade News

Consumer Discretionary (XLY)

Stocks Resilient Against Turbulent Trade News

Consumer Staples (XLP)

Stocks Resilient Against Turbulent Trade News

Energy (XLE)

Stocks Resilient Against Turbulent Trade News

Financials (XLF)

Stocks Resilient Against Turbulent Trade News

Real Estate (XLRE)

Stocks Resilient Against Turbulent Trade News

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

Technology (XLK)

Utilities (XLU)

S&P 500 Sector Heat Map


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