Donald Trump's return to the White House is making big winners out of some S&P 500 stocks.
A dozen S&P 500 stocks, including mostly financials like Discover Financial Services, Synchrony Financial but also materials like Nucor, gained more than 13% today following the former president's reelection.
Elon Musk's Tesla is also a big winner, jumping 14.8%, presumably from the large import taxes about to hit the company's overseas competition.
Financial stocks are the overwhelming winners. Of the top 12 S&P 500 stocks today, more than half are in the financial sector. The Financial Select Sector SPDR ETF is up 6.1% in a single day. That's more than any of the other 11 sector ETFs.
Top S&P 500 Stocks On Trump Election
| Company | Ticker | One day % ch. | Sector |
|---|---|---|---|
| Discover Financial Services | DFS | 20.2% | Financials |
| Synchrony Financial | SYF | 18.8% | Financials |
| Trimble | TRMB | 17.9% | Information Technology |
| Nucor | NUE | 16.0% | Materials |
| KeyCorp | KEY | 15.7% | Financials |
| Capital One Financial | COF | 15.0% | Financials |
| Tesla | TSLA | 14.8% | Consumer Discretionary |
| Citizens Financial | CFG | 14.4% | Financials |
| Steel Dynamics | STLD | 13.8% | Materials |
| Charles River Laboratories | CRL | 13.5% | Health Care |
| Wells Fargo | WFC | 13.1% | Financials |
| Goldman Sachs Group, | GS | 13.1% | Financials |
Sources: IBD, S&P Global Market Intelligence
Looking At Sectors
Financials are the top winners so far. But energy and industrials are right behind.
| ETF | Symbol | Daily % Ch. |
|---|---|---|
| Financial Select Sector SPDR Fund | XLF | 6.1% |
| Industrial Select Sector SPDR Fund | XLI | 3.9% |
| Energy Select Sector SPDR Fund | XLE | 3.8% |
| Consumer Discretionary Select Sector SPDR Fund | XLY | 3.2% |
| Technology Select Sector SPDR Fund | XLK | 2.8% |
| SPDR S&P 500 ETF Trust | SPY | 2.5% |
| Communication Services Select Sector SPDR Fund | XLC | 2.5% |
| Materials Select Sector SPDR Fund | XLB | 1.4% |
| Health Care Select Sector SPDR Fund | XLV | 0.1% |
| Utilities Select Sector SPDR Fund | XLU | -1.0% |
| Consumer Staples Select Sector SPDR Fund | XLP | -1.6% |
| Real Estate Select Sector SPDR Fund | XLRE | -2.7% |
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