Trump Tweets Send Market on Seesaw

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as Trump tweets send market on seesaw. 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:

Stocks set to fall a second day after Trump halts stimulus talks, Dow futures fall 130 points

U.S. stock futures moved lower in overnight trading on Tuesday after President Donald Trump called off stimulus talks until after the November election. Dow futures fell 130 points. S&P 500 futures and Nasdaq 100 futures fell 0.53% and 0.5%, respectively.

The S&P 500 (SPY) rose +1.74% today. All 11 sectors ended in the green as shown below in the sector graph. Gains ranged from +2.57% to less than 1%.

The Dow Jones index added +530 points (+1.91%) to close at 28,303. The Nasdaq climbed +209 points (+1.88%) to settle at 11,364.

Trump Tweets Send Market on Seesaw

Stocks rallied on Wednesday as a series of President Trump tweets regarding stimulus measures gave investors confidence to hit the buy button.

In a series of tweets Tuesday night, urged Congress to approve airline payroll support, saying that money and aid for small business could be paid for with unused funds from the previous stimulus. Trump also pushed for another round of $1,200 stimulus checks for Americans.

The major averages closed sharply lower on Tuesday after Trump tweeted the White House is halting talks with Democrats about a second coronavirus stimulus deal. Earlier in the session, stocks rallied in hopes that there would be a second relief package to prop up markets as the coronavirus outbreak continues.

Key Takeaway…

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

10/7/20

S&P 500 Sector Graph

Trump Tweets Send Market on Seesaw

S&P 500 (SPY)

Trump Tweets Send Market on Seesaw

Communication Services (XLC)

Trump Tweets Send Market on Seesaw

Consumer Discretionary (XLY)

Trump Tweets Send Market on Seesaw

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).

Consumer Staples (XLP)

Trump Tweets Send Market on Seesaw

Energy (XLE)

Trump Tweets Send Market on Seesaw

Financials (XLF)

Trump Tweets Send Market on Seesaw

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.

Real Estate (XLRE)

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

Episode 3: 6 Investing Rules for Individual Investors – Simply Stock Info: The Podcast

Simply Stock Info: The Podcast Episode 3: 6 Investing Rules for Individual Investors In this episode I discuss 6 investing rules for the individual investor that is in charge of their own retirement account.

Technology (XLK)

Trump Tweets Send Market on Seesaw

Utilities (XLU)

S&P 500 Sector Heat Map

 

Leave a Reply

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