Upbeat Bank Earnings Lift Stocks

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as upbeat bank earnings lift 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:

Stocks set to open slightly higher as traders digest Brexit vote and focus on bank earnings

U.S. stock futures were slightly higher on Wednesday, following a parliamentary defeat for British Prime Minister Theresa May’s Brexit deal. Dow futures were 76 points higher as of 2:12 a.m. ET, indicating a 26 point rise at the open, while S&P 500 and Nasdaq futures were also higher.

The S&P 500 (SPY) inched up +0.22% today. Sector advancers led decliners 6 to 5 as shown below in the sector graph. Financials (XLF) led the way with a +2.13% gain. Industrials (XLI), materials (XLB), real estate (XLRE), technology (XLK) and utilities (XLU) each added less than 1%. Communication services (XLC), consumer discretionary (XLY), consumer staples (XLP), energy (XLE) and healthcare (XLV) each suffered small losses of less than 1%.

The Dow Jones index advanced +141 points (+0.59%) to close at 24,207. The Nasdaq found the upside by +10 points (+0.15%) to settle at 7,034.

Upbeat Bank Earnings Lift Stocks

Bank stocks lifted the overall market higher as strong earnings from Goldman Sachs (GS) and Bank of America (BAC) raised investor sentiment. Goldman Sachs +9.54% and Bank of America +7.16% led the financial sector in the green.

Key Takeaways…

I took the following CNBC screenshots this morning regarding Bank of America by the numbers, BlackRock: ETF giant, markets now and first quarter earnings:

Upbeat Bank Earnings Lift Stocks

Upbeat Bank Earnings Lift Stocks

Upbeat Bank Earnings Lift Stocks

Upbeat Bank Earnings Lift Stocks

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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1/16/19

S&P 500 Sector Graph

Upbeat Bank Earnings Lift Stocks

S&P 500 (SPY)

Upbeat Bank Earnings Lift Stocks

Communication Services (XLC)

Upbeat Bank Earnings Lift Stocks

Consumer Discretionary (XLY)

Upbeat Bank Earnings Lift Stocks

Consumer Staples (XLP)

Upbeat Bank Earnings Lift Stocks

Energy (XLE)

Upbeat Bank Earnings Lift Stocks

Financials (XLF)

Upbeat Bank Earnings Lift Stocks

Real Estate (XLRE)

Upbeat Bank Earnings Lift Stocks

Healthcare (XLV)

Upbeat Bank Earnings Lift Stocks

Industrials (XLI)

Upbeat Bank Earnings Lift Stocks

Materials (XLB)

Upbeat Bank Earnings Lift Stocks

Technology (XLK)

Upbeat Bank Earnings Lift Stocks

Utilities (XLU)

Upbeat Bank Earnings Lift Stocks

S&P 500 Sector Heat Map

Upbeat Bank Earnings Lift Stocks

One thought on “Upbeat Bank Earnings Lift Stocks”

  1. Mike Link says:

    Nice job!

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