Strong Earnings Offset Trade Rhetoric

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after strong earnings offset trade rhetoric. 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:

Stock futures fall after Trump says he’s ‘ready to go’ to $500 billion in tariffs on China

U.S. stock index futures declined after President Donald Trump said he is ready to put tariffs on every Chinese good coming to the U.S. if necessary. “I’m ready to go to 500,” the president told CNBC’s Joe Kernen in a “Squawk Box” interview.

The S&P 500 (SPY) slipped -0.09% today. Sector decliners led advancers 9 to 3 as shown below in the sector graph. Communication services (XLC), consumer discretionary (XLY), energy (XLE), healthcare (XLV), industrials (XLI), materials (XLB), real estate (XLRE) and utilities (XLU) each had minor losses of less than 1%. Consumer staples (XLP), financials (XLF) and technology (XLK) each enjoyed small gains of less than 1%.

The Dow Jones index looked like it barely moved, losing 6 points (-0.03%) to settle at 25,058. The Nasdaq looked the same too, losing 5 points (-0.07%) to close at 7,820.

Strong Earnings Offset Trade Rhetoric

Strong earnings reports from Microsoft (MSFT) and Honeywell (HON) helped offset more trade rhetoric said by President Trump. On Thursday, President Trump said he is ready to put tariffs on every Chinese good coming to the US if necessary.

Key Takeaway…

The following is the CNBC interview of President Trump. The interview covers trade/tariffs, the economy, the Fed and interest rates:

Watch CNBC’s full exclusive interview with President Trump

President Donald Trump spoke with CNBC anchor Joe Kernen on Thursday just outside the Oval Office at the White House. The conversation touched on the state of the U.S. economy, America’s trade wars – and the president’s news-making remarks about the Federal Reserve’s ongoing interest-rate hikes.

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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7/20/18

S&P 500 Sector Graph

Strong Earnings Offset Trade Rhetoric

S&P 500 (SPY)

Strong Earnings Offset Trade Rhetoric

Communication Services (XLC)

Strong Earnings Offset Trade Rhetoric

Consumer Discretionary (XLY)

Strong Earnings Offset Trade Rhetoric

Consumer Staples (XLP)

Strong Earnings Offset Trade Rhetoric

Energy (XLE)

Strong Earnings Offset Trade Rhetoric

Financials (XLF)

Strong Earnings Offset Trade Rhetoric

Real Estate (XLRE)

Strong Earnings Offset Trade Rhetoric

Healthcare (XLV)

Strong Earnings Offset Trade Rhetoric

Industrials (XLI)

Strong Earnings Offset Trade Rhetoric

Materials (XLB)

Strong Earnings Offset Trade Rhetoric

Technology (XLK)

Strong Earnings Offset Trade Rhetoric

Utilities (XLU)

Strong Earnings Offset Trade Rhetoric

S&P 500 Sector Heat Map

Strong Earnings Offset Trade Rhetoric

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