Valuations Finally Spark Buy Dip Mentality

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as valuations finally spark buy dip mentality. 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 fall more than 400 points after weaker-than-expected economic data in China

U.S. stock index futures pulled back on the first trading day of the new year, as more disappointing economic data from China hampered global risk appetite. At around 4:00 a.m. ET on Wednesday morning, Dow futures fell 439 points, indicating a negative open of more than 476 points.

The S&P 500 (SPY) increased by +0.13% today. Sector advancers led decliners 7 to 4 as shown below in the sector graph. Communication services (XLC) and energy (XLE) led the market higher with gains of over 1%. Consumer discretionary (XLY), financials (XLF), industrials (XLI), materials (XLB) and technology (XLK) each moved higher with gains of less than 1%. Healthcare (XLV), real estate (XLRE) and utilities (XLU) led decliners down with losses of more than 1%. Consumer staples (XLP) lost less than 1%.

The Dow Jones index inched up +18 points (+0.08%) to close at 23,346. The Nasdaq added +30 points (+0.46%) to settle at 6,665.

Valuations Finally Spark Buy Dip Mentality

Stocks staged another comeback on Wednesday finishing in the green after losing more than 1% earlier in the session. Stocks fell in the early morning after data showed that China’s economy declined for the first time in 19 months. 

Key Takeaway…

I took the following CNBC screenshot this morning regarding global slowdown fears:

Valuations Finally Spark Buy Dip Mentality

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.

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

1/2/19

S&P 500 Sector Graph

Valuations Finally Spark Buy Dip Mentality

S&P 500 (SPY)

Valuations Finally Spark Buy Dip Mentality

Communication Services (XLC)

Valuations Finally Spark Buy Dip Mentality

Consumer Discretionary (XLY)

Valuations Finally Spark Buy Dip Mentality

Consumer Staples (XLP)

Valuations Finally Spark Buy Dip Mentality

Energy (XLE)

Valuations Finally Spark Buy Dip Mentality

Financials (XLF)

Valuations Finally Spark Buy Dip Mentality

Real Estate (XLRE)

Valuations Finally Spark Buy Dip Mentality

Healthcare (XLV)

Valuations Finally Spark Buy Dip Mentality

Industrials (XLI)

Valuations Finally Spark Buy Dip Mentality

Materials (XLB)

Valuations Finally Spark Buy Dip Mentality

Technology (XLK)

Valuations Finally Spark Buy Dip Mentality

Utilities (XLU)

Valuations Finally Spark Buy Dip Mentality

S&P 500 Sector Heat Map

Valuations Finally Spark Buy Dip Mentality

Leave a Reply

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