Weak Home Sales Snap Win Streak

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after weak home sales snap win streak. 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 slightly lower after China’s industrial output growth slumps to 17-year low

U.S. stock index futures were slightly lower Thursday morning, after market participants reacted cautiously to mixed economic data from China. At around 03:30 a.m. ET, Dow futures slipped 53 points, indicating a negative open of more than 14 points. Futures on the S&P and Nasdaq were both seen little changed from the previous session.

The S&P 500 (SPY) slipped -0.09% today. Sector decliners led advancers 7 to 4 as shown below in the sector graph. Communication services (XLC), consumer discretionary (XLY), consumer staples (XLP), healthcare (XLV), industrials (XLI), materials (XLB) and utilities (XLU) each suffered small losses of less than 1%. Energy (XLE), financials (XLF), real estate (XLRE) and technology (XLK) each enjoyed minor gains of less than 1%.

The Dow Jones index inched up +7 points (+0.03%) to close at 25,709. The Nasdaq lost 12 points (-0.16%) to settle at 7,630.

Weak Home Sales Snap Win Streak

Both the S&P 500 and the Nasdaq snapped a 3 day win streak as weak home sales data along with the latest from US China trade negotiations dampened investor sentiment. New home sales fell 6.9% in January, more than expected. Bloomberg reported that both the US and China are trying to push back a meeting between the country’s leaders from March to April. China also wants an official state visit tied to a new trade deal announcement. 

Key Takeaways…

I took the following CNBC screenshots this morning regarding cyclicals lead, defensive groups lag, looking for a breakout and S&P 500 EPS estimates:

Weak Home Sales Snap Win Streak

Weak Home Sales Snap Win Streak

Weak Home Sales Snap Win Streak

Weak Home Sales Snap Win Streak

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.

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3/14/19

S&P 500 Sector Graph

Weak Home Sales Snap Win Streak

S&P 500 (SPY)

Weak Home Sales Snap Win Streak

Communication Services (XLC)

Weak Home Sales Snap Win Streak

Consumer Discretionary (XLY)

Weak Home Sales Snap Win Streak

Consumer Staples (XLP)

Weak Home Sales Snap Win Streak

Energy (XLE)

Weak Home Sales Snap Win Streak

Financials (XLF)

Weak Home Sales Snap Win Streak

Real Estate (XLRE)

Weak Home Sales Snap Win Streak

Healthcare (XLV)

Weak Home Sales Snap Win Streak

Industrials (XLI)

Weak Home Sales Snap Win Streak

Materials (XLB)

Weak Home Sales Snap Win Streak

Technology (XLK)

Weak Home Sales Snap Win Streak

Utilities (XLU)

Weak Home Sales Snap Win Streak

S&P 500 Sector Heat Map

Weak Home Sales Snap Win Streak

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