Wall Street Focuses Towards Q1 Earnings

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as Wall Street focuses towards Q1 earnings. 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 starts week with 80-point decline led by Boeing

Spencer Platt | Getty Images Monday’s declines follow a second consecutive week of gains for the three major stock indexes. Trade talk progress between the United States and China and a strong March jobs report both boosted the Dow, S&P 500 and Nasdaq through Friday’s close.

The S&P 500 (SPY) inched up +0.10% today. Sector advancers led decliners 6 to 5 as shown below in the sector graph. Consumer discretionary (XLY), consumer staples (XLP), energy (XLE), financials (XLF), materials (XLB) and technology (XLK) each enjoyed small gains of less than 1%. Communication services (XLC), healthcare (XLV), industrials (XLI), real estate (XLRE) and utilities (XLU) each suffered minor losses of less than 1%.

The Dow Jones index gave back 83 points (-0.32%) to close at 26,341. The Nasdaq added +15 points (+0.19%) to settle at 7,953.

Wall Street Focuses Towards Q1 Earnings

Stocks ended mixed on Monday as investors prepped for the start of earnings season which starts on Friday with bank earnings. Q1 earnings estimates have fallen 4.2% on a year over year basis (FactSet). The last earnings contraction of the S&P 500 was in 2016.

Key Takeaway…

Veteran trader Art Cashin explains to CNBC what to expect from the upcoming earnings season:

Cashin: The economy doesn’t look bad

CNBC’s Bob Pisani and Art Cashin, of UBS, discuss the morning’s market activity.

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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4/8/19

S&P 500 Sector Graph

Wall Street Focuses Towards Q1 Earnings

S&P 500 (SPY)

Wall Street Focuses Towards Q1 Earnings

Communication Services (XLC)

Wall Street Focuses Towards Q1 Earnings

Consumer Discretionary (XLY)

Wall Street Focuses Towards Q1 Earnings

Consumer Staples (XLP)

Wall Street Focuses Towards Q1 Earnings

Energy (XLE)

Wall Street Focuses Towards Q1 Earnings

Financials (XLF)

Wall Street Focuses Towards Q1 Earnings

Real Estate (XLRE)

Wall Street Focuses Towards Q1 Earnings

Healthcare (XLV)

Wall Street Focuses Towards Q1 Earnings

Industrials (XLI)

Wall Street Focuses Towards Q1 Earnings

Materials (XLB)

Wall Street Focuses Towards Q1 Earnings

Technology (XLK)

Wall Street Focuses Towards Q1 Earnings

Utilities (XLU)

Wall Street Focuses Towards Q1 Earnings

S&P 500 Sector Heat Map

Wall Street Focuses Towards Q1 Earnings

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