Market Making V Shaped Recovery

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as market making V shaped recovery. 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:

Stock futures flat as investors weigh economy reopening and US-China tensions

U.S. stock futures were flat in overnight trading, as investors juggled optimism about the reopening of the economy and a possible coronavirus vaccine as well as concerns about U.S.-China tensions.

The S&P 500 (SPY) jumped +1.48% today. All 11 sectors finished in positive territory as shown below in the sector graph. Gains ranged from +4.34% to less than 1%, check sector graph for specifics.

The Dow Jones index added +359 points (+1.44%) to close at 25,354. The Nasdaq advanced +72 points (+0.77%) to settle at 9,412.

Market Making V Shaped Recovery

Stocks climbed higher Wednesday after investors looked ahead of a restarting of the US economy.

The S&P 500 was up more than 38% from an intraday low reached on March 23 as news around the economy and a potential coronavirus vaccine improve. The major averages were coming off strong gains in the previous session, with the Dow also jumping more than 500 points on Tuesday.

“The market has been making a V-pattern upward and there’s been a tremendous amount of skepticism around that but we are just starting now to see some evidence in the data turning,” said Michael Darda, MKM Partners chief market strategist and chief economist.  As reopening gets underway, virtually all states now we are starting to see activity bounce off of very low levels.”

Meanwhile, biotech company Novavax said Monday it started the first human study of its experimental coronavirus vaccine.

Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said Wednesday the U.S. could avoid a second wave of coronavirus later this year.

Key Takeaway…

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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5/27/20

S&P 500 Sector Graph

Market Making V Shaped Recovery

S&P 500 (SPY)

Market Making V Shaped Recovery

Communication Services (XLC)

Market Making V Shaped Recovery

Consumer Discretionary (XLY)

Market Making V Shaped Recovery

Consumer Staples (XLP)

Market Making V Shaped Recovery

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).

Energy (XLE)

Market Making V Shaped Recovery

Financials (XLF)

Market Making V Shaped Recovery

Real Estate (XLRE)

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

Episode 2: Building a Diversified Portfolio – Simply Stock Info: The Podcast

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Technology (XLK)

Market Making V Shaped Recovery

Utilities (XLU)

S&P 500 Sector Heat Map

 

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