Stocks Surge in 2019 Despite Worries

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after stocks surge in 2019 despite worries. 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 post best annual gain in 6 years with the S&P 500 surging more than 28%

Stocks rose slightly on Tuesday as Wall Street wrapped up a banner year that saw equities surge to record highs, overcoming concerns about the economy and a trade fight with China. The S&P 500 climbed 0.3% to 3,230.78. The Nasdaq Composite also advanced 0.3% and ended the day at 8,972.60.

The S&P 500 (SPY) rose +0.29% today. Sector advancers led decliners 10 to 1 as shown below in the sector graph. Communication services (XLC), consumer discretionary (XLY), consumer staples (XLP), energy (XLE), financials (XLF), real estate (XLRE), healthcare (XLV), materials (XLB), technology (XLK) and utilities (XLU) enjoyed small gains of less than 1%. Industrials (XLI) was the only sector to suffer a minor loss of less than 1%.

The Dow Jones index added +76 points (+0.27%) to close at 28,538. The Nasdaq advanced +26 points (+0.30%) to settle at 8,972.

Stocks Surge in 2019 Despite Worries

Stocks inched higher Tuesday ending an outstanding year for stocks as the S&P 500 rose 28.9% this year despite China trade and economy/Fed worries.

Tuesday’s performance capped off a strong year for stocks. The S&P 500 was up 28.9% for 2019, its biggest one-year gain since 2013, when it rallied 29.6%. The Nasdaq also had its best one-year performance in six years after rallying 35.2% in 2019. The Dow rose 22.3% in 2019, its best annual performance since 2017.

Stocks surged in 2019 despite the ongoing U.S.-China trade war as the Federal Reserve cut rates three times while consumer sentiment remained high. Trade tensions also declined in the fourth quarter after China and the U.S. agreed to sign a so-called phase one trade deal.

President Donald Trump announced Tuesday he will sign the agreement on Jan. 15 at the White House.

Key Takeaways…

I took the following CNBC screenshots today regarding global growth story, global markets in 2019, up or down year, yearly gains, US markets in 2019 (final performance) 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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12/31/19

S&P 500 Sector Graph

Stocks Surge in 2019 Despite Worries

S&P 500 (SPY)

Stocks Surge in 2019 Despite Worries

Communication Services (XLC)

Stocks Surge in 2019 Despite Worries

Consumer Discretionary (XLY)

Stocks Surge in 2019 Despite Worries

Consumer Staples (XLP)

Stocks Surge in 2019 Despite Worries

Energy (XLE)

Stocks Surge in 2019 Despite Worries

Financials (XLF)

Stocks Surge in 2019 Despite Worries

Real Estate (XLRE)

Stocks Surge in 2019 Despite Worries

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

Technology (XLK)

Utilities (XLU)

S&P 500 Sector Heat Map

 

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