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US STOCKS: Early Equities Roundup: Off Early Highs

US STOCKS
USEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • Stocks reversed early Friday gains, extending lows in stages after mixed employment and inflation expectations data. Late morning headlines regarding "reciprocal tariff" implementation as early as today (vague Reuters reporting without stating which country/countries) saw a more significant risk-off move as stocks gapped even lower, while Treasuries bounced off lows briefly.
  • Currently, the DJIA trades down 250.8 points (-0.56%) at 44495.81, S&P E-Minis down 41.5 points (-0.68%) at 6064.75, Nasdaq down 221.6 points (-1.1%) at 19571.7.
  • Consumer Discretionary and Communication Services sectors underperformed in the first half, broadline retailers weighed on the Consumer Discretionary sector: DR Horton -4.33%, Amazon -3.7% after missing earnings late Thursday, Lennar Corp -3.65%.
  • Interactive media and entertainment shares weighed on the Communication Services sector: Electronic Arts -3.52%, Match Group -2.89%, Alphabet -2.8%.
  • On the positive side, Energy and Industrial sectors led gainers ahead midday. Oil & gas stocks buoyed the former with Texas Pacific +2.07%, Targa Resources +0.83%, Exxon Mobil +0.7%. Transportation stocks supported the Industrial sector with Uber +5.89%, Huntington Ingalls Ind +4.23%, TransDigm Group +1.5%.
  • Earnings resume next Monday with ON Semiconductor, Rockwell Automation, Veradigm, McDonald's Corp, Astera Labs and Vertex Pharmaceuticals.
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  • Stocks reversed early Friday gains, extending lows in stages after mixed employment and inflation expectations data. Late morning headlines regarding "reciprocal tariff" implementation as early as today (vague Reuters reporting without stating which country/countries) saw a more significant risk-off move as stocks gapped even lower, while Treasuries bounced off lows briefly.
  • Currently, the DJIA trades down 250.8 points (-0.56%) at 44495.81, S&P E-Minis down 41.5 points (-0.68%) at 6064.75, Nasdaq down 221.6 points (-1.1%) at 19571.7.
  • Consumer Discretionary and Communication Services sectors underperformed in the first half, broadline retailers weighed on the Consumer Discretionary sector: DR Horton -4.33%, Amazon -3.7% after missing earnings late Thursday, Lennar Corp -3.65%.
  • Interactive media and entertainment shares weighed on the Communication Services sector: Electronic Arts -3.52%, Match Group -2.89%, Alphabet -2.8%.
  • On the positive side, Energy and Industrial sectors led gainers ahead midday. Oil & gas stocks buoyed the former with Texas Pacific +2.07%, Targa Resources +0.83%, Exxon Mobil +0.7%. Transportation stocks supported the Industrial sector with Uber +5.89%, Huntington Ingalls Ind +4.23%, TransDigm Group +1.5%.
  • Earnings resume next Monday with ON Semiconductor, Rockwell Automation, Veradigm, McDonald's Corp, Astera Labs and Vertex Pharmaceuticals.