Investors Using Market As Proxy For Normalcy

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as investors using market as proxy for normalcy. 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 fall more than 100 points as coronavirus cases continue to climb

U.S. stock futures fell on Sunday night following a solid weekly performance on Wall Street amid lingering concerns about the coronavirus outbreak. Dow Jones Industrial Average futures were down 147 points, or 0.6%. S&P 500 and Nasdaq-100 futures slid 0.3% each. The major U.S. stock average are coming off their fourth weekly gains in five weeks.

The S&P 500 (SPY) rose +0.65% today. Sector advancers led decliners 7 to 4 as shown below in the sector graph. Gains ranged from +1.88% to less than 1%. 4 sectors lost less than 1%, check the sector graph for specifics.

The Dow Jones index advanced +153 points (+0.59%) to close at 26,024. The Nasdaq climbed +110 points (+1.11%) to settle at 10,056.

Investors Using Market As Proxy For Normalcy

Stocks added gains on Monday as the growth tech sector led the way.

Apple shares jumped more than 2% and hit a record high after the company made a slew of announcement at its annual WorldWide Developers Conference. The tech giant unveiled the latest version of iOS, its mobile operating system. Apple also said its new Mac computers will no longer use Intel chips.

“Investors are using the market as a proxy for getting back to normal,” said Kim Forrest, founder of Bokeh Capital. “If too many people get sick, they’re going to shut down parts of the economy and the market will react.”

The U.S. reported more than 30,000 additional coronavirus cases on Friday, the highest number of confirmed one-day infections since May 1, data compiled by Johns Hopkins University showed. Nevada, Florida, California and Arizona have reported record-high single-day infections.

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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6/22/20

S&P 500 Sector Graph

Investors Using Market As Proxy For Normalcy

S&P 500 (SPY)

Investors Using Market As Proxy For Normalcy

Communication Services (XLC)

Investors Using Market As Proxy For Normalcy

Consumer Discretionary (XLY)

Investors Using Market As Proxy For Normalcy

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

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Consumer Staples (XLP)

Investors Using Market As Proxy For Normalcy

Energy (XLE)

Investors Using Market As Proxy For Normalcy

Financials (XLF)

Investors Using Market As Proxy For Normalcy

Real Estate (XLRE)

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

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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.

Technology (XLK)

Investors Using Market As Proxy For Normalcy

Utilities (XLU)

S&P 500 Sector Heat Map

 

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