Trade Truce Boost Investor Sentiment

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as trade truce boost 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:

Dow futures surge 220 points at the open after Trump and Xi agree to not impose more tariffs

U.S. stock futures surged at their open on Sunday night after the U.S. and China agreed to hold off on slapping additional tariffs on their products in an effort to resume trade talks. Dow Jones Industrial Average traded 220 points higher, indicating a gain of 215 points at Monday’s open.

The S&P 500 (SPY) rose +0.77% today. Sector advancers led decliners 9 to 2 as shown below in the sector graph. Technology (XLK) +1.59% and financials (XLF) +1.20% led advancers higher. Communication services (XLC), consumer discretionary (XLY), consumer staples (XLP), energy (XLE), healthcare (XLV), industrials (XLI) and materials (XLB) each had small gains of less than 1%. Real estate (XLRE) and utilities (XLU) each had minor losses of less than 1%.

The Dow Jones index added +117 points (+0.44%) to close at 26,717. The Nasdaq jumped +84 points (+1.06%) to settle at 8,091.

Trade Truce Boost Investor Sentiment

Investors breath a sigh of relief on Monday as the US and China reach a trade truce after the two countries restart trade talks. Technology (XLK) +1.59% especially chipmakers rallied on the news. The S&P 500 climbed +7.9% in June, its best month of June since 1955.

Key Takeaways…

I took the following CNBC screenshots today regarding market overheating, markets in July 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.

Download our new Handy ETF Guide

Subscribe to get our free weekly newsletter by email.

We won't send you spam. Unsubscribe at any time. Powered by ConvertKit

7/1/19

S&P 500 Sector Graph

Trade Truce Boost Investor Sentiment

S&P 500 (SPY)

Trade Truce Boost Investor Sentiment

Communication Services (XLC)

Trade Truce Boost Investor Sentiment

Consumer Discretionary (XLY)

Trade Truce Boost Investor Sentiment

Consumer Staples (XLP)

Trade Truce Boost Investor Sentiment

Energy (XLE)

Trade Truce Boost Investor Sentiment

Financials (XLF)

Trade Truce Boost Investor Sentiment

Real Estate (XLRE)

Trade Truce Boost Investor Sentiment

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

Technology (XLK)

Utilities (XLU)

S&P 500 Sector Heat Map

 

Leave a Reply

Your email address will not be published. Required fields are marked *