Trade Fears Produce Equities Worst Week

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as trade fears produce equities worst week. 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:

Dow futures slightly lower after Trump’s $300 billion China tariff threat

U.S. stock index futures were slightly lower Friday morning, after President Donald Trump said he would slap an additional 10% tariff on Chinese imports from next month. At around 03:05 a.m. ET, Dow futures dipped 12 points, indicating a negative open of more than 14 points.

The S&P 500 (SPY) lost -0.73% today. Sector decliners led advancers 9 to 2 as shown below in the sector graph. Technology (XLK), energy (XLE) and materials (XLB) led decliners down, each losing more than 1%. Communication services (XLC), consumer discretionary (XLY), financials (XLF), healthcare (XLV), industrials (XLI) and utilities (XLU) each suffered small losses of less than 1%. Consumer staples (XLP) and real estate (XLRE) each ended with minor gains of less than 1%.

The Dow Jones index subtracted 98 points (-0.37%) to close at 26,485. The Nasdaq was negative by 107 points (-1.32%) to settle at 8,004.

Trade Fears Produce Equities Worst Week

Stocks finished in the red on Friday as investors digested the thought of more tariffs on China as President Trump announced via Twitter on Thursday.

Both the S&P 500 and the Nasdaq suffered their biggest weekly losses of the year this week, losing 3.1% and 3.9% respectively. The Dow lost 2.6% this week.

The US economy added 164,000 jobs in July compared to expectations of 165,000.

Key Takeaways…

I took the following CNBC screenshots today regarding the July jobs report and where the jobs are:

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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8/2/19

S&P 500 Sector Graph

Trade Fears Produce Equities Worst Week

S&P 500 (SPY)

Trade Fears Produce Equities Worst Week

Communication Services (XLC)

Trade Fears Produce Equities Worst Week

Consumer Discretionary (XLY)

Trade Fears Produce Equities Worst Week

Consumer Staples (XLP)

Trade Fears Produce Equities Worst Week

Energy (XLE)

Trade Fears Produce Equities Worst Week

Financials (XLF)

Trade Fears Produce Equities Worst Week

Real Estate (XLRE)

Trade Fears Produce Equities Worst Week

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

Technology (XLK)

Utilities (XLU)

S&P 500 Sector Heat Map

 

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