campaign season: The S&P 500 SPX, 0.20% closed 1.1% higher at 2,163.26 on Wednesday, according to Market Watch. Read Trump victory a second wake-up call for complacent investors My suspicion is that the shock created an overnight selloff but that was quickly digested, especially given that Trump victory speech seemed rather presidential and suggests he might not be as unpredictable as he was during the campaign season, said Kristina Hooper, U.S. investment strategist for Allianz Global Investors. After an initial plunge by futures late Tuesday and early Wednesday, stocks rallied, with traders making some rapid recalculations on several sectors. But stocks aren t rallying across the board. Among the 11 main S&P 500 sectors, financials are up 4.1%, with analysts citing two reasons higher Treasury yields in anticipation of a boost to fiscal spending and stronger chances of deregulation for the industry. In fact, there is a sharp difference between losing and winning sectors on the S&P 500.
(news.financializer.com). As
reported in the news.
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