Stocks Rise Following Trade Deadline Flexibility

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as stocks rise following trade deadline flexibility. 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:

Stocks set for a weak open amid US-China trade talks

U.S. stock futures were flat to lower Tuesday as traders waited for new details to emerge from the latest round of U.S.-China trade talks. As of 5 a.m. ET, Dow futures indicated a drop of about 25 points at the open. S&P 500 and Nasdaq futures were barely changed.

The S&P 500 (SPY) rose +0.15% today. Sector advancers led decliners 9 to 2 as shown below in the sector graph. Communication services (XLC), consumer discretionary (XLY), consumer staples (XLP), energy (XLE), financials (XLF), materials (XLB), real estate (XLRE), technology (XLK) and utilities (XLU) each gained less than 1%. Healthcare (XLV) and industrials (XLI) each suffered losses of less than 1%.

The Dow Jones index added +8 points (+0.03%) to close at 25,891. The Nasdaq advanced +14 points (+0.19%) to settle at 7,486.

Stocks Rise Following Trade Deadline Flexibility

Stocks finished in the green Tuesday after President Trump signaled he may delay the China trade deadline. Treasury Secretary Steven Mnuchin and other US trade representatives were in China last week to discuss a trade deal. The Treasury Secretary said the talks were going “So far, so good.” Walmart (WMT) jumped more than 2% today after beating on earnings expectations. The company’s e-commerce sales grew by 43% in the last quarter.

Key Takeaways…

I took the following CNBC screenshots this morning regarding US China talks resume, market internals, sector leaders, sector laggards and where are we now:

Stocks Rise Following Trade Deadline Flexibility

Stocks Rise Following Trade Deadline Flexibility

Stocks Rise Following Trade Deadline Flexibility

Stocks Rise Following Trade Deadline Flexibility

Stocks Rise Following Trade Deadline Flexibility

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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2/19/19

S&P 500 Sector Graph

Stocks Rise Following Trade Deadline Flexibility

S&P 500 (SPY)

Stocks Rise Following Trade Deadline Flexibility

Communication Services (XLC)

Stocks Rise Following Trade Deadline Flexibility

Consumer Discretionary (XLY)

Stocks Rise Following Trade Deadline Flexibility

Consumer Staples (XLP)

Stocks Rise Following Trade Deadline Flexibility

Energy (XLE)

Stocks Rise Following Trade Deadline Flexibility

Financials (XLF)

Stocks Rise Following Trade Deadline Flexibility

Real Estate (XLRE)

Stocks Rise Following Trade Deadline Flexibility

Healthcare (XLV)

Stocks Rise Following Trade Deadline Flexibility

Industrials (XLI)

Stocks Rise Following Trade Deadline Flexibility

Materials (XLB)

Stocks Rise Following Trade Deadline Flexibility

Technology (XLK)

Stocks Rise Following Trade Deadline Flexibility

Utilities (XLU)

Stocks Rise Following Trade Deadline Flexibility

S&P 500 Sector Heat Map

Stocks Rise Following Trade Deadline Flexibility

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