Government Shutdown Deal Propels Stocks

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as government shutdown deal propels stocks. 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:

Futures point to a triple-digit gain for the Dow after tentative deal to avoid government shutdown

U.S. stock index futures were higher Tuesday morning, with market participants hopeful a fresh set of trade talks could help to resolve a dispute between the world’s two largest economies. At around 4:05 a.m. ET, Dow Jones Industrial Average futures rose 156 points, indicating a positive open of more than 143 points.

The S&P 500 (SPY) jumped +1.29% today. Sector advancers led decliners 10 to 1 as shown below in the sector graph. Materials (XLB) led the market higher with a +2.24% gain. Communication services (XLC), consumer discretionary (XLY), energy (XLE), financials (XLF), healthcare (XLV), industrials (XLI) and technology (XLK) each finished in the green by more than 1%. Consumer staples (XLP) and utilities (XLU) each advanced by less than 1%. Real estate (XLRE) fell by less than 1%.

The Dow Jones index climbed +322 points (+1.49%) to close at 25,425. The Nasdaq added +106 points (+1.46%) to settle at 7,414.

Government Shutdown Deal Propels Stocks

All 3 major averages rallied more than 1% as investors cheered the government reaching a tentative deal avoiding another government shutdown. Investors also turned their attention to the US China trade talks as another round of trade negotiations began in Beijing on Monday. Both countries have voiced hopes in reaching a deal.

Key Takeaway…

I took the following CNBC screenshot this morning regarding what’s moving markets today:

Government Shutdown Deal Propels Stocks

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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2/12/19

S&P 500 Sector Graph

Government Shutdown Deal Propels Stocks

S&P 500 (SPY)

Government Shutdown Deal Propels Stocks

Communication Services (XLC)

Government Shutdown Deal Propels Stocks

Consumer Discretionary (XLY)

Government Shutdown Deal Propels Stocks

Consumer Staples (XLP)

Government Shutdown Deal Propels Stocks

Energy (XLE)

Government Shutdown Deal Propels Stocks

Financials (XLF)

Government Shutdown Deal Propels Stocks

Real Estate (XLRE)

Government Shutdown Deal Propels Stocks

Healthcare (XLV)

Government Shutdown Deal Propels Stocks

Industrials (XLI)

Government Shutdown Deal Propels Stocks

Materials (XLB)

Government Shutdown Deal Propels Stocks

Technology (XLK)

Government Shutdown Deal Propels Stocks

Utilities (XLU)

Government Shutdown Deal Propels Stocks

S&P 500 Sector Heat Map

Government Shutdown Deal Propels Stocks

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