Positive Vaccine News is Game Changer

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as positive vaccine news is game changer. 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 rise as traders weigh virus resurgence and its impact on the economy

U.S. stock futures rose on Thursday night as Wall Street continues to grapple with the rising number of coronavirus cases and its potential economic impact. Earlier on Thursday, the Dow dropped more than 300 points during the regular session, notching its second straight daily decline.

The S&P 500 (SPY) rose +1.36% today. All 11 sectors finished in the green as shown below in the sector graph. Gains ranged from +3.64% to less than 1%.

The Dow Jones index climbed +399 points (+1.37%) to close at 29,479. The Nasdaq add +119 points (+1.02%) to settle at 11,829.

Positive Vaccine News is Game Changer

Stocks gained more ground on Friday as investors wagered they could see through the pandemic with an effective vaccine.

“This week’s positive vaccine news is a game-changer in our view, as it allows the market to look through the recent surge in COVID-19 cases to the impending end of the pandemic and broader reopening of the economy,” wrote Marko Kolanovic, JPMorgan’s head of macro quantitative and derivatives strategy, who was among the first to call the market’s turn in March.

CNBC analysis of data compiled by Johns Hopkins University showed average daily new cases are up by at least 5% over the past week in at least 47 states. Hospitalizations, meanwhile, rising in at least 46 states. On Thursday alone, more than 150,000 cases were confirmed in the U.S.

Key Takeaways…

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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11/13/20

S&P 500 Sector Graph

Positive Vaccine News is Game Changer

S&P 500 (SPY)

Positive Vaccine News is Game Changer

Communication Services (XLC)

Positive Vaccine News is Game Changer

Consumer Discretionary (XLY)

Positive Vaccine News is Game Changer

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Consumer Staples (XLP)

Positive Vaccine News is Game Changer

Energy (XLE)

Positive Vaccine News is Game Changer

Financials (XLF)

Positive Vaccine News is Game Changer

Real Estate (XLRE)

Positive Vaccine News is Game Changer

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Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

Technology (XLK)

Positive Vaccine News is Game Changer

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Utilities (XLU)

S&P 500 Sector Heat Map

 

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