Wall Street Extends Record Highs
Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after Wall Street extends record highs. 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:
The S&P 500 (SPY) moved up 0.18% today, as Wall Street extends record highs. S&P sector advancers led decliners by 8 to 2. Consumer staples (XLP), energy (XLE), financials (XLF), industrials (XLI), materials (XLB), real estate (XLRE), technology (XLK) and utilities (XLU) all finished in the green less than 1%. Consumer discretionary (XLY) and healthcare (XLV) were the only sectors in the red, closing lower less than 1%.
The Dow Jones index was positive by 65 points today closing at 22,268. The Nasdaq climbed 19 points finishing at 6,448.
The focal point I came away from today’s session was the resilience of stocks in the face of geopolitical tensions, North Korea conducting another nuclear missile test and terrorism with a bomb going off in a London subway. You would think stocks would pullback after those events occurred by stocks keep going up and earnings remain strong.
Some bright spots from today’s session included Apple (AAPL), which rallied 1% today after announcing the release of the iPhone 8 and 10 this week. Healthcare stocks like Abbvie (ABBV) and Amgen (AMGN) took a break from their recent rally falling more than 1% today. The XLV (healthcare ETF), which Abbvie and Amgen are in its top 10 holdings, is up more than 5% in the last month.
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.
S&P 500 Sector Graph
S&P 500 (SPY)
Consumer Discretionary (XLY)
Consumer Staples (XLP)
Real Estate (XLRE)
S&P 500 Sector Heat Map