US China Trade Developments Continue Rally

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as US China trade developments continue rally. 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 falls 100 points as trade talks begin

Brendan McDermid | Reuters According to Reuters, the Chinese foreign ministry said Monday that China and the U.S. have expressed an eagerness to work together. The ministry also added China stands ready to resolve trade disputes with the U.S. on an equal footing.

The S&P 500 (SPY) added +0.70% today. Sector advancers led decliners 9 to 2 as shown below in the sector graph. Advancers were led by consumer discretionary (XLY) +2.26%, energy (XLE) +1.50% and communication services (XLC) +1.14%. Financials (XLF), healthcare (XLV), industrials (XLI), materials (XLB), real estate (XLRE) and technology (XLK) each had small gains of less than 1%. Consumer staples (XLP) and utilities (XLU) each had minor losses of less than 1%.

The Dow Jones index climbed +98 points (+0.42%) to close at 23,531. The Nasdaq jumped +84 points (+1.26%) to settle at 6,823.

US China Trade Developments Continue Rally

Stocks went up on Monday as investors digested the latest US China trade developments. Reuters reported, the Chinese foreign ministry said that China and the US have expressed an eagerness to work together.

Key Takeaways…

I took the following CNBC screenshots this morning regarding big market worries and finding a bottom:

US China Trade Developments Continue Rally
US China Trade Developments Continue Rally

Notable S&P 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.

Download our new Handy ETF Guide

Subscribe to get our free weekly newsletter by email.

We won't send you spam. Unsubscribe at any time. Powered by ConvertKit

1/7/19

S&P 500 Sector Graph

US China Trade Developments Continue Rally

S&P 500 (SPY)

US China Trade Developments Continue Rally

Communication Services (XLC)

US China Trade Developments Continue Rally

Consumer Discretionary (XLY)

US China Trade Developments Continue Rally

Consumer Staples (XLP)

US China Trade Developments Continue Rally

Energy (XLE)

US China Trade Developments Continue Rally

Financials (XLF)

US China Trade Developments Continue Rally

Real Estate (XLRE)

US China Trade Developments Continue Rally

Healthcare (XLV)

US China Trade Developments Continue Rally

Industrials (XLI)

US China Trade Developments Continue Rally

Materials (XLB)

US China Trade Developments Continue Rally

Technology (XLK)

US China Trade Developments Continue Rally

Utilities (XLU)

US China Trade Developments Continue Rally

S&P 500 Sector Heat Map

US China Trade Developments Continue Rally

Leave a Reply

Your email address will not be published. Required fields are marked *