Technology Leads Third Quarter Performance
Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after technology leads Third Quarter performance. 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:
The S&P 500 (SPY) gained 0.37% today, as technology leads Third Quarter performance. S&P sector advancers led decliners by 7 to 3. Consumer discretionary (XLY), financials (XLF), healthcare (XLV), industrials (XLI), materials (XLB), real estate (XLRE) and technology (XLK) all were positive less than 1%. Consumer staples (XLP), energy (XLE) and utilities (XLU) were in the red today by less than 1%.
The Dow Jones index rose 23 points finishing at 22,405. The Nasdaq was in the green by 42 points closing at 6,495.
The main focal point from today’s session was the overall strength of the market. The Dow Jones index finished 4.9% higher on the quarter, its 8th straight quarter of gains. S&P 500 was positive by 4% on the quarter, also its 8th straight quarter of gains. Nasdaq finished 5.8% higher on the quarter, its 5th straight quarter of gains.
Some bright spots and standouts, from the last trading day of the Third Quarter, included some big tech getting a bid. Facebook (FB) and Google (GOOG) both gained more than 1%. A majority of the top 10 holdings of the XLF kept going higher today, as bank stocks have some momentum going into a rising rate/inflationary environment.
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.
S&P 500 Sector Graph
S&P 500 (SPY)
Consumer Discretionary (XLY)
Consumer Staples (XLP)
Real Estate (XLRE)
S&P 500 Sector Heat Map