Globally Stocks Rally Following French Election
Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as Globally Stocks Rally Following French Election. 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:
The S&P 500 (SPY) jumped 1.08% today after Globally Stocks Rally Following French Election. Leading the surge in stocks was financials (XLF) +2.25%, industrials (XLI) +1.42%, technology (XLK) +1.18% and materials (XLB) +1.15%. Other sectors that finished higher less than 1%… consumer discretionary (XLY), consumer staples (XLP), energy (XLE), healthcare (XLV) and utilities (XLU). Only one sector closed to the downside less than 1%… real estate (XLRE).
U.S. equities soared on Monday as investors cheered the results of the first round in the French presidential election. (CNBC) Early results from the French election showed Emmanuel Macron and Marine Le Pen advancing to a presidential runoff. Far-right candidate Le Pen and centrist Macron were largely expected to pull ahead in the first round of the French contest. The two had led most of the polls leading up to the election. (CNBC) European stock markets skyrocketed across the board, with the pan-European Stoxx 600 index popping about 2 percent. The French CAC 40 rose 4.14 percent and hit a nine-year high. (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.
S&P 500 Sector Graph
S&P 500 (SPY)
Consumer Discretionary (XLY)
Consumer Staples (XLP)
Real Estate (XLRE)
S&P 500 Sector Heat Map