Stocks Rally Amidst Trump Concerns Easing

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after Stocks Rally Amidst Trump Concerns Easing. 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:

http://www.cnbc.com/2017/05/19/us-markets.html

The S&P 500 (SPY) rose 0.68% as Stocks Rally Amidst Trump Concerns Easing.  All ten sectors closed in the green led by industrials (XLI) +1.32% and energy (XLE) +1.23%.  The remaining eight sectors finished positive less than 1%. The Dow Jones industrial average rose about 140 points, with Boeing and Caterpillar contributing the most gains. (CNBC) The Nasdaq composite rose 0.47 percent. (CNBC)

U.S. equities closed higher on Friday as concerns about Donald Trump’s presidency recede for the time being. (CNBC) “With the special prosecutor, … this gives the administration the opportunity to defer questions about the investigation. That’s why we’re seeing a bit of a relief rally,” said James Smigiel, managing director at SEI. (CNBC)

Stocks suffered their biggest pullback of the year earlier this week after news that former FBI Director James Comey put together a memo on a conversation with Trump. In this conversation, Trump allegedly asked Comey to stop investigating former National Security Adviser Michael Flynn. (CNBC) Justice Department officials announced Wednesday that Deputy Attorney General Rod Rosenstein had tapped former FBI Director Robert Mueller as special counsel, taking over the investigation into Russia’s alleged meddling in the 2016 election. (CNBC)

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.

5/19/17

S&P 500 Sector Graph

Stocks Rally Amidst Trump Concerns Easing

S&P 500 (SPY)

Stocks Rally Amidst Trump Concerns Easing

Consumer Discretionary (XLY)

Stocks Rally Amidst Trump Concerns Easing

Consumer Staples (XLP)

Stocks Rally Amidst Trump Concerns Easing

Energy (XLE)

Stocks Rally Amidst Trump Concerns Easing

Financials (XLF)

Stocks Rally Amidst Trump Concerns Easing

Real Estate (XLRE)

Stocks Rally Amidst Trump Concerns Easing

Healthcare (XLV)

Stocks Rally Amidst Trump Concerns Easing

Industrials (XLI)

Stocks Rally Amidst Trump Concerns Easing

Materials (XLB)

Stocks Rally Amidst Trump Concerns Easing

Technology (XLK)

Stocks Rally Amidst Trump Concerns Easing

Utilities (XLU)

Stocks Rally Amidst Trump Concerns Easing

S&P 500 Sector Heat Map

Stocks Rally Amidst Trump Concerns Easing

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