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Equities Roundup: Chip Stocks, Cybersecurity Shares Lead Gainers

US STOCKS
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  • Stocks are extending highs in late morning trade, rebounding off midmorning lows after mixed ISM Services data tempered risk appetites briefly. Currently, the DJIA is up 21.3 points (0.06%) at 38731.67, S&P E-Minis up 37 points (0.7%) at 5341, Nasdaq up 226.7 points (1.3%) at 17083.69.
  • Information Technology and Communication Services sectors outperformed in the first half, semiconductor makers supporting the former: Applied Materials +4.50%, Sirst Solar +4.29%. Lam Research +4.47%, AMD +3.66%.
  • Notable mention: cyber security company Crowdstrike surged 7.5% after beating Q1 results.
  • Interactive media and entertainment shares buoyed the Communication Services sector: Meta +2.20%, Netflix +1.70%, News Corp +1.08%.
  • On the flipside, Energy and Consumer Staples sector shares underperformed: Oil and Gas services stocks continued to lag with Halliburton -1.42%, Schlumberger -1.17%, Valero -1.18% while Exxon Mobil declined 0.86%. Household and personal products weighed on Staples as they unwound the prior session' support: Kenview -1.44%, Kimberly-Clark -1.19%, Clorox -0.96%.
  • Meanwhile, notable earnings releases still to come this week: Five Below Inc, Semtech Corp, Victoria Secret, Toro, Vail Resorts and Docusign.
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  • Stocks are extending highs in late morning trade, rebounding off midmorning lows after mixed ISM Services data tempered risk appetites briefly. Currently, the DJIA is up 21.3 points (0.06%) at 38731.67, S&P E-Minis up 37 points (0.7%) at 5341, Nasdaq up 226.7 points (1.3%) at 17083.69.
  • Information Technology and Communication Services sectors outperformed in the first half, semiconductor makers supporting the former: Applied Materials +4.50%, Sirst Solar +4.29%. Lam Research +4.47%, AMD +3.66%.
  • Notable mention: cyber security company Crowdstrike surged 7.5% after beating Q1 results.
  • Interactive media and entertainment shares buoyed the Communication Services sector: Meta +2.20%, Netflix +1.70%, News Corp +1.08%.
  • On the flipside, Energy and Consumer Staples sector shares underperformed: Oil and Gas services stocks continued to lag with Halliburton -1.42%, Schlumberger -1.17%, Valero -1.18% while Exxon Mobil declined 0.86%. Household and personal products weighed on Staples as they unwound the prior session' support: Kenview -1.44%, Kimberly-Clark -1.19%, Clorox -0.96%.
  • Meanwhile, notable earnings releases still to come this week: Five Below Inc, Semtech Corp, Victoria Secret, Toro, Vail Resorts and Docusign.