Investors Pin Hopes on Coronavirus Aid

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as investors pin hopes on coronavirus aid. 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:

U.S. stock futures open flat after Monday’s tech-powered rally

U.S. stock futures traded along the flatline on Monday night after the major averages logged in sharp gains to start the new month earlier in the day. Dow Jones Industrial Average futures were down 14 points, or less than 0.1%. S&P 500 and Nasdaq 100 futures traded marginally lower as well.

The S&P 500 (SPY) rose +0.36% today. Sector advancers led decliners 9 to 2 as shown below in the sector graph. Gains ranged from +2.43% to less 1%. Financials (XLF) and healthcare (XLV) each suffered minor losses of less than 1%.

The Dow Jones index added +164 points (+0.62%) to close at 26,828. The Nasdaq gained +38 points (+0.35%) to settle at 10,941.

Investors Pin Hopes on Coronavirus Aid

Stocks climbed higher Tuesday as lawmakers in Washington inched closer to a coronavirus aid deal.

The upswing on Tuesday came after House Speaker Nancy Pelosi said that she, Senate Minority Leader Chuck Schumer and White House chief of staff Mark Meadows held “productive” discussions on Monday, despite a handful of issues still outstanding.

Both sides have indicated they agree on another $1,200 stimulus check, but remain deadlocked on additional unemployment assistance.

Big Tech, which has led the major market indexes for much of the past week, traded mixed on Tuesday. Apple, one of the best performers in the Dow on Tuesday, finished the session up 0.6%. Netflix, meanwhile, gained 2.2%. Losses from the so-called FAANG group came from Facebook, which fell 0.85%, and Alphabet, which slipped 0.6%.

Key Takeaway…

Congress struggles to break coronavirus aid stalemate as economic pain continues

Democratic leaders and Trump administration officials expect to meet again Tuesday as they attempt to hash out a pandemic aid package. The sides appear to have resolved few of the thorny issues at stake in the talks, even though more than a week has passed since Republicans unveiled a counter offer to the legislation Democrats passed in May.

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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8/4/20

S&P 500 Sector Graph

Investors Pin Hopes on Coronavirus Aid

S&P 500 (SPY)

Investors Pin Hopes on Coronavirus Aid

Communication Services (XLC)

Investors Pin Hopes on Coronavirus Aid

Consumer Discretionary (XLY)

Investors Pin Hopes on Coronavirus Aid

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)

Investors Pin Hopes on Coronavirus Aid

Energy (XLE)

Investors Pin Hopes on Coronavirus Aid

Financials (XLF)

Investors Pin Hopes on Coronavirus Aid

Real Estate (XLRE)

Investors Pin Hopes on Coronavirus Aid

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

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Technology (XLK)

Investors Pin Hopes on Coronavirus Aid

Utilities (XLU)

S&P 500 Sector Heat Map

 

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