Strong Private Payroll Number Spark Stocks

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as a strong private payroll number spark stocks. 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 slightly lower open as traders focus on virus and earnings

U.S. stock index futures edged lower on Wednesday as companies warned of a potential hit to earnings from the deadly coronavirus outbreak. At around 2:35 a.m. ET, Dow futures were down 68 points and indicated an implied negative open of more than 27 points, while futures in the S&P 500 and Nasdaq also inched lower.

The S&P 500 (SPY) added +1.13% today. Sector advancers led decliners 10 to 1 as shown below in the sector graph. Energy (XLE), financials (XLF), healthcare (XLV), industrials (XLI) and materials (XLB) led advancers higher, each with gains of more than 1%. Communication services (XLC), consumer discretionary (XLY), consumer staples (XLP), technology (XLK) and utilities (XLU) each enjoyed minor gains of less than 1%. Real estate (XLRE) suffered a small loss of less than 1%.

The Dow Jones index climbed +483 points (+1.68%) to close at 29,290. The Nasdaq ended in the green by +40 points (+0.43%) to settle at 9,508.

Strong Private Payroll Number Spark Stocks

Stocks continued higher Wednesday as ADP private payrolls number helped regain coronavirus losses.

Confirmed coronavirus cases in China are near 25,000, claiming the lives of 490 people. President Donald Trump said during Tuesday’s State of the Union address that the U.S. is “working closely” with the Chinese government to contain the virus.

The broader market also got a boost after ADP and Moody’s Analytics said U.S. private payrolls rose by 291,000 in January. That’s the biggest monthly payrolls gain in nearly five years.

The report from ADP and Moody’s Analytics is often seen as a preview to the government’s official monthly jobs report, which is set for release Friday morning.

Key Takeaways…

Cashin: Whenever a market goes parabolic, you know an end will be near

CNBC’s Bob Pisani and Art Cashin, of UBS, discuss the morning’s market activity.

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

Strong Private Payroll Number Spark Stocks

S&P 500 (SPY)

Strong Private Payroll Number Spark Stocks

Communication Services (XLC)

Strong Private Payroll Number Spark Stocks

Consumer Discretionary (XLY)

Strong Private Payroll Number Spark Stocks

Consumer Staples (XLP)

Strong Private Payroll Number Spark Stocks

Energy (XLE)

Strong Private Payroll Number Spark Stocks

Financials (XLF)

Strong Private Payroll Number Spark Stocks

Real Estate (XLRE)

Strong Private Payroll Number Spark Stocks

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

Technology (XLK)

Utilities (XLU)

S&P 500 Sector Heat Map

Episode 1: Basic Investment Strategy – Simply Stock Info: The Podcast

Episode 1 goes over my basic investment strategy for individual investors (from years of watching and learning from CNBC).


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