Trade Progress Plus Stimulus Lift Sentiment

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as trade progress plus stimulus lift 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:

US futures point to a higher open on Wall Street

At around 02:10 a.m. ET, Dow futures rose 77 points, indicating a positive open of more than 78 points.

The S&P 500 (SPY) increased by +0.29% today. Sector advancers led decliners by 9 to 2 as shown below in the sector graph. Communication services (XLC), consumer discretionary (XLY), consumer staples (XLP), financials (XLF), industrials (XLI), materials (XLB), real estate (XLRE), technology (XLK) and utilities (XLU) each enjoyed small gains of less than 1%. Energy (XLE) and healthcare (XLV) suffered minor losses of less than 1%.

The Dow Jones added +45 points (+0.17%) to close at 27,182. The Nasdaq advanced +24 points (+0.30%) to settle at 8,194.

Trade Progress Plus Stimulus Lift Sentiment

Stocks rose on Thursday on the backs of US China trade progress plus stimulus in a big bond buying program by the ECB helped boost investor sentiment.

President Donald Trump agreed on Wednesday to delay an additional increase in tariffs on Chinese goods by two weeks “as a gesture of good will.” The move raised hopes of a thaw in trade frictions between the world’s two largest economies.

In after hours news,

Trump says he would consider an interim trade deal with China

President Donald Trump signaled Thursday that he may consider an interim trade deal with China.

Treasury Secretary Steven Mnuchin told CNBC’s “Squawk Box” that Trump could strike a trade deal with China at any moment, but wants a “good” deal for American workers.

Elsewhere, investors digested the latest decision from policymakers at the European Central Bank. The ECB cut its deposit rate by 10 basis point and launched a new bond buying program. The bank will buy €20 billion worth of assets for as long as needed.

Key Takeaways…

I took the following CNBC screenshots today regarding cyclical rally, behind the rally, market action 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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9/12/19

S&P 500 Sector Graph

Trade Progress Plus Stimulus Lift Sentiment

S&P 500 (SPY)

Trade Progress Plus Stimulus Lift Sentiment

Communication Services (XLC)

Trade Progress Plus Stimulus Lift Sentiment

Consumer Discretionary (XLY)

Trade Progress Plus Stimulus Lift Sentiment

Consumer Staples (XLP)

Trade Progress Plus Stimulus Lift Sentiment

Energy (XLE)

Trade Progress Plus Stimulus Lift Sentiment

Financials (XLF)

Trade Progress Plus Stimulus Lift Sentiment

Real Estate (XLRE)

Trade Progress Plus Stimulus Lift Sentiment

Healthcare (XLV)

Industrials (XLI)

Trade Progress Plus Stimulus Lift Sentiment

Materials (XLB)

Technology (XLK)

Utilities (XLU)

S&P 500 Sector Heat Map

 

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