Investors Dealing with Uncertainty Highs

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as investors dealing with uncertainty highs. 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 rise 150 points in overnight trading as investors monitor Trump’s health

Stock futures rose in overnight trading on Sunday as investors brace for another volatile week with President Donald Trump’s hospitalization adding more uncertainty to the market outlook ahead of Election Day. Futures on the Dow Jones Industrial Average climbed 150 points. The S&P 500 futures gained 0.4% and the Nasdaq 100 futures rose 0.5%.

The S&P 500 (SPY) rose +1.80% today. All 11 sectors finished in the green as shown below in the sector graph. Gains ranged from +3% to less than 1%.

The Dow Jones index popped +465 points higher (1.68%) to close at 28,148. The Nasdaq added +257 points (+2.32%) to settle at 11,332.

Investors Dealing with Uncertainty Highs

Stocks were able to put solid gains on the board at session’s end as investors are facing multiple uncertainties during the COVID-19 pandemic and the presidential election less than a month away.

Investors also grew more hopeful that lawmakers would reach a compromise on a new stimulus deal. Trump’s illness, as well as a weak September jobs report, highlighted the urgency for further coronavirus aid after a months-long stalemate in Washington.

Stocks jumped to their session highs after Trump said in an afternoon tweet that he will be leaving Walter Reed National Military Medical Center at 6:30 p.m. ET, just three days after he entered the hospital to be treated for coronavirus.

Stimulus Hope?

House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin held an hourlong phone call Monday and discussed “the justifications for various numbers” and “plan to exchange paper” in preparation for further discussions on Tuesday, Pelosi’s chief of staff said.

Optimism for reaching a compromise rose recently after Pelosi said Trump’s diagnosis could change the dynamic of talks toward an agreement. Pelosi on Friday called on the airline industry to delay furloughs, saying additional relief for the industry is “imminent.”

Key Takeaway…

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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10/5/20

S&P 500 Sector Graph

Investors Dealing with Uncertainty Highs

S&P 500 (SPY)

Investors Dealing with Uncertainty Highs

Communication Services (XLC)

Investors Dealing with Uncertainty Highs

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Consumer Discretionary (XLY)

Investors Dealing with Uncertainty Highs

Consumer Staples (XLP)

Investors Dealing with Uncertainty Highs

Energy (XLE)

Investors Dealing with Uncertainty Highs

Financials (XLF)

Investors Dealing with Uncertainty Highs

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Real Estate (XLRE)

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

Technology (XLK)

Investors Dealing with Uncertainty Highs

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Utilities (XLU)

S&P 500 Sector Heat Map

 

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