Sooner Trade Deal Lifts Investor Sentiment

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as sooner trade deal lifts investor sentiment. 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 steady after Pelosi launches Trump impeachment inquiry

Stocks were set for a muted open after House Speaker Nancy Pelosi said she will launch a formal impeachment inquiry on President Donald Trump.

The S&P 500 (SPY) rose +0.62% today. Sector advancers led decliners 8 to 3 as shown below in the sector graph. Communication services (XLC) and technology (XLK) led advancers, each gaining more than 1%. Consumer discretionary (XLY), consumer staples (XLP), energy (XLE), financials (XLF), industrials (XLI) and materials (XLB) each had minor gains of less than 1%. Healthcare (XLV), real estate (XLRE) and utilities (XLU) each suffered small losses of less than 1%.

The Dow Jones index added +162 points (+0.61%) to close at 26,970. The Nasdaq advanced +83 points (+1.05%) to settle at 8,077.

Sooner Trade Deal Lifts Investor Sentiment

Stocks popped higher Wednesday as President Trump said a US China trade deal could come sooner “than you think”.

Trump told reporters at the United Nations in New York that a U.S.-China deal could come sooner “than you think.” Both countries have been engaged in trade negotiations since last year. The back and forth between China and the U.S. has sent ripples through global financial markets as investors assess the trade war’s impact on the global economy.

The market also rebounded after a rough transcript of Trump’s call with Ukrainian President Volodymyr Zelensky was released by the White House. It showed Trump asked Zelensky if he could “look into” former Vice President Joe Biden and his son, Hunter.

The transcript was released after House Speaker Nancy Pelosi said Tuesday she will launch a formal impeachment inquiry on Trump.

Key Takeaways…

I took the following CNBC screenshots today regarding value fading and driving the action:

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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9/25/19

S&P 500 Sector Graph

Sooner Trade Deal Lifts Investor Sentiment

S&P 500 (SPY)

Sooner Trade Deal Lifts Investor Sentiment

Communication Services (XLC)

Sooner Trade Deal Lifts Investor Sentiment

Consumer Discretionary (XLY)

Sooner Trade Deal Lifts Investor Sentiment

Consumer Staples (XLP)

Sooner Trade Deal Lifts Investor Sentiment

Energy (XLE)

Sooner Trade Deal Lifts Investor Sentiment

Financials (XLF)

Sooner Trade Deal Lifts Investor Sentiment

Real Estate (XLRE)

Sooner Trade Deal Lifts Investor Sentiment

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

Technology (XLK)

Utilities (XLU)

S&P 500 Sector Heat Map

 

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