Possible Trade Negotiations Lifts Stocks

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after possible trade negotiations lifts stocks. 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:

Stocks are pointing to a sharply higher open as fears of an impending trade war ease

U.S. stock index futures posted major gains ahead of Monday’s open, bouncing back from the sharp losses seen during Friday’s session. Around 6 a.m. ET, Dow futures indicated a rise of more than 350 points at the open. The Nasdaq and the S&P 500 futures also indicated a positive open for their respective markets.

The S&P 500 (SPY) jumped +2.72% today as possible trade negotiations lifts stocks. All 11 sectors finished in the green. Technology (XLK) +3.80% and financials (XLF) +3.28% led all sectors. Consumer discretionary (XLY), healthcare (XLV), industrials (XLI) and materials (XLB) each had +2% gains or more. Consumer staples (XLP), energy (XLE), real estate (XLRE) and utilities (XLU) each added +1% or more.

The Dow Jones index soared +669 points (+2.84%) to close at 24,202. The Nasdaq popped +227 points (+3.26%) to settle at 7,220.

Stocks surged +2% or more today as trade tensions between the U.S. and China seem to be cooling. Treasury Secretary Steven Mnuchin said on Fox News Sunday, “We’re simultaneously having negotiations with the Chinese to see if we can reach an agreement.” Equities rebounded from oversold conditions last week. Shares of Facebook were down most of the session after the FTC announced they are investigating Facebook’s data practices.

Notable S&P movers…

  • AAPL +4.75%
  • MSFT +7.57%
  • AMZN +4.03%
  • BRK.B +3.57%
  • JPM +3.08%
  • JNJ +1.83%
  • XOM +1.52%
  • GOOG +3.10%

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.

3/26/18

S&P 500 Sector Graph

Possible Trade Negotiations Lifts Stocks

S&P 500 (SPY)

Possible Trade Negotiations Lifts Stocks

Consumer Discretionary (XLY)

Possible Trade Negotiations Lifts Stocks

Consumer Staples (XLP)

Possible Trade Negotiations Lifts Stocks

Energy (XLE)

Possible Trade Negotiations Lifts Stocks

Financials (XLF)

Possible Trade Negotiations Lifts Stocks

Real Estate (XLRE)

Possible Trade Negotiations Lifts Stocks

Healthcare (XLV)

Possible Trade Negotiations Lifts Stocks

Industrials (XLI)

Possible Trade Negotiations Lifts Stocks

Materials (XLB)

Possible Trade Negotiations Lifts Stocks

Technology (XLK)

Possible Trade Negotiations Lifts Stocks

Utilities (XLU)

Possible Trade Negotiations Lifts Stocks

S&P 500 Sector Heat Map

Possible Trade Negotiations Lifts Stocks

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