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US STOCKS: Early Equities Roundup: Still Weaker, But Off Lows

US STOCKS
USEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • US Stocks opened lower amid ongoing trade war concerns and disappointing earnings Thursday, but bounced off morning lows after Commerce Secretary Lutnick said that Pres Trump is "likely to defer tariffs on all USMCA goods" until April 2.
  • Currently, the DJIA trades down 227.38 points (-0.53%) at 42786.82, S&P E-Minis down 62.5 points (-1.07%) at 5789.75, Nasdaq down 260.5 points (-1.4%) at 18296.62.
  • Materials and Energy sectors outperformed in the first half, second consecutive session for Materials as metals and chemical stocks led gainers: Mosaic +3.32%, FMC +1.85%, Albemarle +1.85%, Celanese +1.71% and CF Industries Holdings +1.68%.
  • Despite crude prices remaining weaker after the midweek rout (WTI -.35 at 65.96), oil and gas shares buoyed the Energy sector in the first half: Valero Energy +1.95%, Marathon Petroleum +1.36%, Phillips 66 +1.14% while ConocoPhillips and Exxon Mobil gained approximately 0.60%.
  • On the flipside, Real Estate and Consumer Discretionary sectors underperformed in the first half, investment trusts weighing on the former: Digital Realty Trust -3.52%, Iron Mountain-3.14%, Simon Property Group -2.93% and CBRE Group -2.74%. Meanwhile, Starbucks -3.93%, Tesla -3.92%, Carnival Corp-3.83% and Airbnb -3.53% weighed on the Discretionary sector.
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  • US Stocks opened lower amid ongoing trade war concerns and disappointing earnings Thursday, but bounced off morning lows after Commerce Secretary Lutnick said that Pres Trump is "likely to defer tariffs on all USMCA goods" until April 2.
  • Currently, the DJIA trades down 227.38 points (-0.53%) at 42786.82, S&P E-Minis down 62.5 points (-1.07%) at 5789.75, Nasdaq down 260.5 points (-1.4%) at 18296.62.
  • Materials and Energy sectors outperformed in the first half, second consecutive session for Materials as metals and chemical stocks led gainers: Mosaic +3.32%, FMC +1.85%, Albemarle +1.85%, Celanese +1.71% and CF Industries Holdings +1.68%.
  • Despite crude prices remaining weaker after the midweek rout (WTI -.35 at 65.96), oil and gas shares buoyed the Energy sector in the first half: Valero Energy +1.95%, Marathon Petroleum +1.36%, Phillips 66 +1.14% while ConocoPhillips and Exxon Mobil gained approximately 0.60%.
  • On the flipside, Real Estate and Consumer Discretionary sectors underperformed in the first half, investment trusts weighing on the former: Digital Realty Trust -3.52%, Iron Mountain-3.14%, Simon Property Group -2.93% and CBRE Group -2.74%. Meanwhile, Starbucks -3.93%, Tesla -3.92%, Carnival Corp-3.83% and Airbnb -3.53% weighed on the Discretionary sector.