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US STOCKS: Equities Roundup: Cruise Lines, Chips Stocks Lead Gainers

US STOCKS
USEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • Stocks are extending highs in late Friday morning trade, SPX eminis climbing back to January 6 levels after starting the week near early November lows. Currently, the DJIA trades up 462.05 points (1.07%) at 43616.48, S&P E-Minis up 72.75 points (1.22%) at 6049, Nasdaq up 339.7 points (1.8%) at 19678.49.
  • Consumer Discretionary and Information Technology sectors led gainers in the first half, cruise lines supporting the former: Royal Caribbean Cruises +3.84%, Carnival Corp +3.47%, Norwegian Cruise Line Holdings +3.44%.
  • Meanwhile, IT gained as semiconductor makers rebounded from midweek selling as Intel led gainers there +7.22%. on differing headlines: one noting that Intel Corp is spinning off $5B venture capital arm Intel Capital, while others revive chatter the firm is an acquisition target with Apple, Samsung, and Qualcomm all rumored to be interested buyers for months.
  • Other gainers in the IT sector included Monolithic Power +4.11%, Nvidia +3.14% and NXP Semiconductors +2.87%.
  • On the flipside, Health Care and Utility sectors underperformed in the first half, pharmaceuticals weighing on the former with Eli Lilly -2.18%, Merck -1.09% and Bristol-Myers Squibb -0.80%. Vistra -2.21% and NRG Energy -1.22% weighed on the Utility sector.
  • Corporate earnings pick up in earnest next week, headliners expected to announce next Tuesday include KeyCorp, DR Horton Inc, Charles Schwab, Prologis Inc and 3M Co before the market opens, Fifth Third Bancorp, Netflix Inc, Interactive Brokers, United Airlines, Seagate Technology and Capital One Financial after the market closes.
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  • Stocks are extending highs in late Friday morning trade, SPX eminis climbing back to January 6 levels after starting the week near early November lows. Currently, the DJIA trades up 462.05 points (1.07%) at 43616.48, S&P E-Minis up 72.75 points (1.22%) at 6049, Nasdaq up 339.7 points (1.8%) at 19678.49.
  • Consumer Discretionary and Information Technology sectors led gainers in the first half, cruise lines supporting the former: Royal Caribbean Cruises +3.84%, Carnival Corp +3.47%, Norwegian Cruise Line Holdings +3.44%.
  • Meanwhile, IT gained as semiconductor makers rebounded from midweek selling as Intel led gainers there +7.22%. on differing headlines: one noting that Intel Corp is spinning off $5B venture capital arm Intel Capital, while others revive chatter the firm is an acquisition target with Apple, Samsung, and Qualcomm all rumored to be interested buyers for months.
  • Other gainers in the IT sector included Monolithic Power +4.11%, Nvidia +3.14% and NXP Semiconductors +2.87%.
  • On the flipside, Health Care and Utility sectors underperformed in the first half, pharmaceuticals weighing on the former with Eli Lilly -2.18%, Merck -1.09% and Bristol-Myers Squibb -0.80%. Vistra -2.21% and NRG Energy -1.22% weighed on the Utility sector.
  • Corporate earnings pick up in earnest next week, headliners expected to announce next Tuesday include KeyCorp, DR Horton Inc, Charles Schwab, Prologis Inc and 3M Co before the market opens, Fifth Third Bancorp, Netflix Inc, Interactive Brokers, United Airlines, Seagate Technology and Capital One Financial after the market closes.