Stocks Post Broad Based Rally

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after stocks post broad based rally. 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:

US futures point to a slight rebound after Italy’s political woes fuel global sell-off

U.S. stock index futures pointed to a higher open Wednesday morning, rebounding slightly after political turmoil in Italy sent markets tumbling in the previous session. At around 4:00 a.m. ET, Dow futures rose 50 points, indicating a higher open for the index Wednesday.

The S&P 500 (SPY) popped +1.27% today. All 11 sectors were in the green as shown below in the sector graph. Energy (XLE) led all sectors with a +3.03% gain. Consumer staples (XLP), financials (XLF), healthcare (XLV), industrials (XLI), materials (XLB) and real estate (XLRE) each had gains of more than 1%. Consumer discretionary (XLY), technology (XLK) and utilities (XLU) each had minor gains of less than 1%.

The Dow Jones index surged +306 points (+1.26%) to close at 24,667. The Nasdaq advanced +65 points (+0.89%) to settle at 7,462.

Stocks Post Broad Based Rally

Stocks posted a strong rebound rally from yesterday’s losses led by energy. Interest rates went higher prompting financials (XLF) to have a strong day (every top 10 holding in XLF had gains of at least 1%). Energy (XLE) rose more than 3% after WTI oil jumped more than 2% (every top 10 holding in XLE had gains of at least 1%).

Key takeaway…

The following is a video clip of interview with Marc Benioff, CEO of Salesforce. He shares his insights on the economy since Salesforce is in multiple industries/sectors. Worth the watch!

Economy really ripping: Salesforce’s Benioff

Jim Cramer sits down with Salesforce founder, Chairman and CEO Marc Benioff to discuss the company’s earnings results.

Notable S&P movers…

New feature, I’ve highlighted the stocks in each sector’s top 10 holdings with gains of at least +1%.

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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5/30/18

S&P 500 Sector Graph

Stocks Post Broad Based Rally

S&P 500 (SPY)

Stocks Post Broad Based Rally

Consumer Discretionary (XLY)

Stocks Post Broad Based Rally

Consumer Staples (XLP)

Stocks Post Broad Based Rally

Energy (XLE)

Stocks Post Broad Based Rally

Financials (XLF)

Stocks Post Broad Based Rally

Real Estate (XLRE)

Stocks Post Broad Based Rally

Healthcare (XLV)

Stocks Post Broad Based Rally

Industrials (XLI)

Stocks Post Broad Based Rally

Materials (XLB)

Stocks Post Broad Based Rally

Technology (XLK)

Stocks Post Broad Based Rally

Utilities (XLU)

Stocks Post Broad Based Rally

S&P 500 Sector Heat Map

Stocks Post Broad Based Rally

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