Early Stage Recovery Narrative Beginning

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as the early stage recovery narrative beginning. 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:

Stock futures rise slightly after strong start to September

U.S. stock futures ticked slightly higher on Tuesday evening following a strong start to September for the market. Futures for the Dow industrials, S&P 500 and Nasdaq 100 all rose less than 0.1%. The major U.S. indexes all rose during Tuesday’s regular session, with the Dow Jones Industrial Average and the Nasdaq Composite closing at record highs.

The S&P 500 (SPY) rose by +1.54% today. Sector advancers led decliners 10 to 1 as shown below in the sector graph. Gains ranged from +3.11% to less than 1%. Energy (XLE) suffered a minor loss of less than 1%.

The Dow Jones index climbed +454 points (+1.59%) to close at 29,100. The Nasdaq added +116 points (+0.98%) to settle at 12,056.

Early Stage Recovery Narrative Beginning

Stocks continued going higher on Wednesday to reach fresh highs despite a lower-than-expected ADP private sector employment report.

Both the S&P 500 and Nasdaq hit record highs, with the Nasdaq topping 12,000 for the first time. The Dow also posted its biggest one-day move since July 14. The S&P 500 had its best day since July 6.

In economic news, ADP said U.S. private payrolls grew by 428,000 in August. Economists polled by Dow Jones expected a gain of 1.17 million.

Key Takeaways…

Notable S&P 500 Movers…

Below I’ve highlighted some notable S&P 500 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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9/2/20

S&P 500 Sector Graph

Early Stage Recovery Narrative Beginning

S&P 500 (SPY)

Early Stage Recovery Narrative Beginning

Communication Services (XLC)

Early Stage Recovery Narrative Beginning

Consumer Discretionary (XLY)

Early Stage Recovery Narrative Beginning

Episode 1: Basic Investment Strategy – Simply Stock Info: The Podcast

Simply Stock Info: The Podcast Episode 1: Basic Investment Strategy Episode 1 goes over my basic investment strategy for individual investors (from years of watching and learning from CNBC).

Consumer Staples (XLP)

Early Stage Recovery Narrative Beginning

Energy (XLE)

Early Stage Recovery Narrative Beginning

Financials (XLF)

Early Stage Recovery Narrative Beginning

Real Estate (XLRE)

Episode 2: Building a Diversified Portfolio – Simply Stock Info: The Podcast

Simply Stock Info: The Podcast Episode 2: Building a Diversified Portfolio In this episode, I go over 5 stocks to build a diversified portfolio on. These are 5 stocks to hold for the long term in a retirement account such as a Roth or traditional IRA account.

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

Episode 3: 6 Investing Rules for Individual Investors – Simply Stock Info: The Podcast

Simply Stock Info: The Podcast Episode 3: 6 Investing Rules for Individual Investors In this episode I discuss 6 investing rules for the individual investor that is in charge of their own retirement account.

Technology (XLK)

Early Stage Recovery Narrative Beginning

Utilities (XLU)

S&P 500 Sector Heat Map

 

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