Trump Tweet Jolts Crude Higher

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as a Trump tweet jolts crude higher. 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 rise, rebounding from two days of steep losses

U.S. stock futures pointed to gains at the open on Wednesday, following recent weakness in markets aggravated by oil’s massive decline. Dow futures rose 110 points, indicating a gain of about 0.6% at the open. The S&P 500 and Nasdaq Composite were also slated to open higher, with gains of 0.5% and 0.8%, respectively.

The S&P 500 (SPY) rose +2.29% today. All 11 sectors finished in the green as shown below in the sector graph. Gains ranged from +3.85% to less than 1%, check the sector graph for specifics.

The Dow Jones index climbed +456 points (+1.99%) to close at 23,475. The Nasdaq climbed +232 points (+2.81%) to settle at 8,495.

Trump Tweet Jolts Crude Higher

Stocks ended positive Wednesday as the price of oil rebounded from a historic drop the last couple of days.

The West Texas Intermediate contract for June was up 19%, settling at $13.78 per barrel, after an earlier decline. Brent futures, meanwhile, were up 7.6% at $20.76 per barrel, recovering from a sharp overnight drop.

Crude seemed to get a jolt after President Donald Trump tweeted he had “instructed the United States Navy to shoot down and destroy any and all Iranian gunboats if they harass our ships at sea.”

“This week investors are realizing that even though the crisis could soon get better, the negative impacts of having an economy which is essentially shut down are magnifying at an alarming rate. With no demand even for a couple of months, energy prices go negative as excess oil supplies balloon,” Jim Paulsen, chief investment strategist at the Leuthold Group told CNBC.

Key Takeaway…

Notable S&P 500 Movers…

Below I highlighted some notable S&P movers.

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

4/22/20

S&P 500 Sector Graph

Trump Tweet Jolts Crude Higher

S&P 500 (SPY)

Trump Tweet Jolts Crude Higher

Communication Services (XLC)

Trump Tweet Jolts Crude Higher

Consumer Discretionary (XLY)

Trump Tweet Jolts Crude Higher

Consumer Staples (XLP)

Trump Tweet Jolts Crude Higher

Energy (XLE)

Trump Tweet Jolts Crude Higher

Episode 1: Basic Investment Strategy – Simply Stock Info: The Podcast

Simply Stock Info: The Podcast Episode 1: Basic Investment Strategy Episode 1 goes over my basic investment strategy for individual investors (from years of watching and learning from CNBC).

Financials (XLF)

Trump Tweet Jolts Crude Higher

Real Estate (XLRE)

Trump Tweet Jolts Crude Higher

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

Technology (XLK)

Episode 2: Building a Diversified Portfolio – Simply Stock Info: The Podcast

Simply Stock Info: The Podcast Episode 2: Building a Diversified Portfolio In this episode, I go over 5 stocks to build a diversified portfolio on. These are 5 stocks to hold for the long term in a retirement account such as a Roth or traditional IRA account.

Utilities (XLU)

S&P 500 Sector Heat Map

 

Leave a Reply

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