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Equities Roundup: Autos, Chip Makers Rebound

US STOCKS
  • Stocks are holding mildly mixed levels after midday, inside narrow ranges with Eminis lagging Dow and Nasdaq at the moment: S&P E-Minis are down 3 points (-0.06%) at 5098.75, Nasdaq up 36.7 points (0.2%) at 16032.36, DJIA up 22.33 points (0.06%) at 39156.8.
  • Leading Gainers: Consumer Discretionary and Information Technology sectors outperformed in the first half, auto makers buoyed the former: rebounding from better selling late last week, Tesla +4.6%, while GM gained 1.61%. Also rebounding from Friday profit taking, chip stocks supported the IT sector: Micron +6.97%, KLA Corp +2.17%, ON Semiconductor +2.11%, Applied Materials +2.0%.
  • Laggers: Utilities and Communication Services sectors underperformed in late trade, multi- and independent energy providers weighed the former: AES and NextEra Energy both -3.0%, Dominion Energy -2.84%, PG&E -2.76%. Interactive media and entertainment shares weighed on the Communication sector: Google -3.61%, Live Nation -2.21%.
  • Looking ahead: corporate earnings after the close include: AES, SBA Communications, iRobot, Zoom Video and Everbridge Inc.

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