{"id":428802,"date":"2026-03-23T21:40:18","date_gmt":"2026-03-23T14:40:18","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/03\/sp-500-extends-gains-to-2-here-are-the-winners-today\/"},"modified":"2026-03-23T21:40:18","modified_gmt":"2026-03-23T14:40:18","slug":"sp-500-extends-gains-to-2-here-are-the-winners-today","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/sp-500-extends-gains-to-2-here-are-the-winners-today-428802\/","title":{"rendered":"S&amp;P 500 extends gains to 2%. Here are the winners today"},"content":{"rendered":"<div>\n<p>The market is further coming around to the conclusion that peace talks are taking place, or that even if they&#8217;re not &#8212; Trump wants the bombs to stop falling and oil prices to come down. <\/p>\n<p>There is always the risk that Iran wants to keep the Strait closed and press for a better deal but the US has the power to kill leadership and that&#8217;s a powerful motivator to make a deal.<\/p>\n<p>Whatever the driver, the S&amp;P 500 is up 2% to a session high, or 134 points to 6639.<\/p>\n<p>Other markets:<\/p>\n<ul>\n<li>Nasdaq +2.3%<\/li>\n<li>Russell 2000 +3.0%<\/li>\n<li>DJIA +2.1%<\/li>\n<li>Toronto TSX +1.8%<\/li>\n<\/ul>\n<p>The winners today are led by travel stocks and those who are heavy users of fuel, including miners along with housing-related stocks due ot a falling likelihood of rate hikes. There is also the unwinding of the recession trade that has been creeping into markets in the past week, particularly on Friday.<\/p>\n<p>Some of the largest gainers:<\/p>\n<ul>\n<li>Norwegian Cruise Lines +8.1%<\/li>\n<li>MGM Resorts +7.1%<\/li>\n<li>Freeport-McMoran +7.4%<\/li>\n<li>Lowe&#8217;s +5.1%<\/li>\n<li>GM +4.9%<\/li>\n<li>American Airlines +4.8%<\/li>\n<\/ul>\n<p>The losers are a small number companies that benefited from the closure of the strait of Hormuz and war:<\/p>\n<ul>\n<li>CF Industries -5.1%<\/li>\n<li>Enphase -2.0%<\/li>\n<li>Northrop Grumman -1.6%<\/li>\n<li>Occidental Petroleum -0.8%<\/li>\n<\/ul>\n<p>The chart shows a solid turnaround but also underscores that US stocks weren&#8217;t hurt particularly badly from the war. However on Friday it looked like the market was setting up for a further breakdown and that would have been underscored if Trump didn&#8217;t post that the US agreed to a 5 day ceasefire on energy infrastructure. <\/p>\n<p>Trump further goosed the market when he spoke to the media and indicated a high chance of making some kind of final deal. Time will tell if that&#8217;s a ruse or if today is the day to buy the dip. It&#8217;s been an utter rollercoast of a month so far.<\/p>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The market is further coming around to the conclusion that peace talks are taking place, or that even if they&#8217;re not &#8212; Trump wants the bombs to stop falling and oil prices&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-428802","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/428802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=428802"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/428802\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=428802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=428802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=428802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}