Big Banks Lead Stock Rally

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after Big Banks Lead Stock 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:

http://www.cnbc.com/2017/06/28/us-stocks-draghi-tech.html

The S&P 500 (SPY) climbed 0.88% as Big Banks Lead Stock Rally. S&P sector advancers led decliners by 9 to 1. Leading the advancers was financials (XLF) +1.57%, technology (XLK) +1.25% and consumer discretionary (XLY) +1.01%. Consumer staples (XLP), energy (XLE), healthcare (XLV), industrials (XLI), materials (XLB) and real estate (XLRE) all gained less than 1%. Utilities (XLU) was the only sector in the red today slipping less than 1%.

The Dow Jones industrial average jumped about 140 points with Goldman Sachs contributing the most gains. Caterpillar was the best-performing stocks in the index, rising 2.4 percent. (CNBC) The Nasdaq composite gained 1.4 percent. (CNBC) Most of tech rebounded Wednesday with Facebook, Apple, Amazon and Netflix all rising. Shares of Amazon briefly dipped lower after President Donald Trump took a swipe at CEO Jeff Bezos on Twitter. (CNBC)

The SPDR S&P Bank exchange-traded fund (KBE), which tracks large banks, spiked 1.4 percent higher as investors braced for the release of the Federal Reserve’s stress test results. (CNBC) Analysts expect several big banks to come out of the test with substantial increases in return to shareholders — potentially using cash reserves to pay out more than 100 percent of their profits. As a result, higher figures would also reflect banks’ confidence in their own financial health. (CNBC)

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. Photo Credit: CNN Money

S&P 500 Sector Graph

Big Banks Lead Stock Rally

S&P 500 (SPY)

Big Banks Lead Stock Rally

Consumer Discretionary (XLY)

Big Banks Lead Stock Rally

Consumer Staples (XLP)

Big Banks Lead Stock Rally

Energy (XLE)

Big Banks Lead Stock Rally

Financials (XLF)

Big Banks Lead Stock Rally

Real Estate (XLRE)

Big Banks Lead Stock Rally

Healthcare (XLV)

Big Banks Lead Stock Rally

Industrials (XLI)

Big Banks Lead Stock Rally

Materials (XLB)

Big Banks Lead Stock Rally

Technology (XLK)

Big Banks Lead Stock Rally

Utilities (XLU)

Big Banks Lead Stock Rally

S&P 500 Sector Heat Map

Big Banks Lead Stock Rally

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