Transports Missing Equity Rally

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as transports missing equity 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 futures lower ahead of Fed’s Powell speech

U.S. stock index futures were lower on Tuesday morning, as traders waited to hear from Federal Reserve Chairman Jerome Powell. At around 02:05 a.m. ET, Dow futures slipped 77 points, indicating a negative open of more than 84 points. Futures on the S&P and Nasdaq were also lower.

The S&P 500 (SPY) inched up +0.12% today. Sector advancers led decliners 8 to 3 as shown below in the sector graph. Communication services (XLC), consumer discretionary (XLY), energy (XLE), financials (XLF), healthcare (XLV), real estate (XLRE), technology (XLK) and utilities (XLU) each enjoyed minor gains of less than 1%. Consumer staples (XLP), industrials (XLI) and materials (XLB) each suffered small losses of less than 1%.

The Dow Jones index gave back 22 points (-0.08%) to close at 26,783. The Nasdaq added +43 points (+0.54%) to settle at 8,141.

Transports Missing Equity Rally

Stocks finished mixed on Tuesday as investors looked for hints regarding the Fed’s next interest rate move. Fed Chair Jerome Powell is scheduled to meet with the Financial Services Committee on Wednesday, following a better than expected jobs report last Friday.

Key Takeaways…

I took the following CNBC screenshots today regarding shipping/logistics since September and driving the action:

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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S&P 500 Sector Graph

Transports Missing Equity Rally

S&P 500 (SPY)

Transports Missing Equity Rally

Communication Services (XLC)

Transports Missing Equity Rally

Consumer Discretionary (XLY)

Transports Missing Equity Rally

Consumer Staples (XLP)

Transports Missing Equity Rally

Energy (XLE)

Transports Missing Equity Rally

Financials (XLF)

Transports Missing Equity Rally

Real Estate (XLRE)

Transports Missing Equity Rally

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

Technology (XLK)

Utilities (XLU)

S&P 500 Sector Heat Map


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