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Equities Roundup

US STOCKS
  • Stocks are trading mixed in early afternoon trade, the DJIA outperforming weaker S&P Eminis and Nasdaq stocks after the the latter posted moderate gains.
  • Stocks managed to post modest gains after this morning's economic data helped rekindle modest rate cut pricing this morning. Support didn't last long, however, amid broader risk-off tone ahead the weekend. Currently, the DJIA is up 156.51 points (0.41%) at 38266.43, S&P E-Minis down 26.25 points (-0.5%) at 5227, Nasdaq down 204.6 points (-1.2%) at 16532.3.
  • Information Technology and Consumer Discretionary sectors underperformed in the first half of trade, semiconductor makers weighing on the former amid broad based profit taking ahead of the weekend: First Solar -4.66%, Lam Research -4.59%, KLA Corp -3.93%. Shares of automakers and broadline retailers weighed on the Consumer Discretionary sector: Amazon -2.70%, Ebay -0.40%, Tesla -2.0%.
  • On the flipside, Energy and Real Estate sectors led gainers in the first half, oil and gas shares buoyed the former: Valero +3.46%, Marathon Petroleum +2.67%, Phillips66 +2.41%. Investment trusts, particularly health care and office REITs supported the Real Estate sector for the second day running: Ventas +1.94%, Healthpeak Properties +1.34%, Boston Properties +2.20%.
  • Meanwhile, still some notable earnings releases next week: Bath & Body Works, Crowdstrike, HP, Dollar Tree, Campbell Soup, Five Below Inc, Victoria Secret, Toro, Vail Resorts and Docusign.

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