Trade War Rhetoric Capping Gains

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as trade war rhetoric capping gains. 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

U.S. stocks were set to open slightly lower Thursday morning.

The S&P 500 (SPY) finished flat (+0.00%) today. Sector advancers led decliners 6 to 5 as shown below in the sector graph. Communication services (XLC), healthcare (XLV), materials (XLB), real estate (XLRE), technology (XLK) and utilities (XLU) each had minor gains of less than 1%. Consumer discretionary (XLY), consumer staples (XLP), energy (XLE), financials (XLF) and industrials (XLI) each suffered small losses of less than 1%.

The Dow Jones index lost -52 points (-0.19%) to close at 27,094. The Nasdaq added +5 points (+0.07%) to settle at 8,182.

Trade War Rhetoric Capping Gains

Stocks ended flat Thursday as trade rhetoric is capping investors optimism towards a US China trade deal.

A state-backed Chinese media report said that known China hawk and Trump advisor Michael Pillsbury warned the U.S. is ready to escalate the trade war if a deal isn’t struck soon.

Stocks continued to pare gains after a tabloid editor at the official newspaper of the Communist Party of China tweeted that China was in no rush to make a trade deal with the U.S.

Software giant Microsoft, meanwhile, climbed 1.8% to an all-time high after announcing Wednesday evening that it authorized another $40 billion for share buybacks and will raise its quarterly dividend by 5 cents to 51 cents per share. The company is worth more than $1 trillion and is currently the most valuable public company in the United States.

Key Takeaways…

I took the following CNBC screenshot today regarding driving the action and CNBC video from the Delivering Alpha conference:

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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

Trade War Rhetoric Capping Gains

S&P 500 (SPY)

Trade War Rhetoric Capping Gains

Communication Services (XLC)

Trade War Rhetoric Capping Gains

Consumer Discretionary (XLY)

Trade War Rhetoric Capping Gains

Consumer Staples (XLP)

Trade War Rhetoric Capping Gains

Energy (XLE)

Trade War Rhetoric Capping Gains

Financials (XLF)

Trade War Rhetoric Capping Gains

Real Estate (XLRE)

Trade War Rhetoric Capping Gains

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

Technology (XLK)

Utilities (XLU)

S&P 500 Sector Heat Map

 

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