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Equities Roundup: Consumer Discretionary Sector Outperforms

US STOCKS
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  • Stocks are trading modestly higher early Monday, upper half of a relatively narrow session range led by Consumer Discretionary sector shares. Currently, DJIA is up 61.92 points (0.16%) at 38972.57, S&P E-Minis up 10.5 points (0.2%) at 5264.75, Nasdaq up 55.1 points (0.3%) at 16307.2.
  • Leading Gainers: Consumer Discretionary and Real Estate sectors outperformed in the first half. A combination of autos, cruise-lines and personal product distributors supported the Consumer Discretionary sector in the first half: Tesla +5.31% amid talk of autonomous EV taxi venture, Norwegian Cruise +3.44%, Carnival +3.24%, Bath & Body Works +3.17%.
  • Meanwhile, Real estate investment trusts, particularly residential and office REITs buoyed the latter: Camden Property +5.25%, Mid-America Apartment +4.2%, UDR Inc +3.16%.
  • Laggers: Health Care and Energy sector shares underperformed, equipment and services weighed on the latter: Solventum -3.86%, Medtronic -1.48%, Becton Dickinson -0.86%. Oil and Gas stocks weighed on the Energy sector: APA -1.34%, Occidental -0.94%, Valero -0.86%.
  • Reminder, the next quarterly earnings starts in earnest late this week with JP Morgan, BlackRock, Wells Fargo, State Street and Citigroup reporting Friday, April 12.
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  • Stocks are trading modestly higher early Monday, upper half of a relatively narrow session range led by Consumer Discretionary sector shares. Currently, DJIA is up 61.92 points (0.16%) at 38972.57, S&P E-Minis up 10.5 points (0.2%) at 5264.75, Nasdaq up 55.1 points (0.3%) at 16307.2.
  • Leading Gainers: Consumer Discretionary and Real Estate sectors outperformed in the first half. A combination of autos, cruise-lines and personal product distributors supported the Consumer Discretionary sector in the first half: Tesla +5.31% amid talk of autonomous EV taxi venture, Norwegian Cruise +3.44%, Carnival +3.24%, Bath & Body Works +3.17%.
  • Meanwhile, Real estate investment trusts, particularly residential and office REITs buoyed the latter: Camden Property +5.25%, Mid-America Apartment +4.2%, UDR Inc +3.16%.
  • Laggers: Health Care and Energy sector shares underperformed, equipment and services weighed on the latter: Solventum -3.86%, Medtronic -1.48%, Becton Dickinson -0.86%. Oil and Gas stocks weighed on the Energy sector: APA -1.34%, Occidental -0.94%, Valero -0.86%.
  • Reminder, the next quarterly earnings starts in earnest late this week with JP Morgan, BlackRock, Wells Fargo, State Street and Citigroup reporting Friday, April 12.