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Equities Roundup: Data Tempers IT Driven Stock Rally

US STOCKS
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  • Stocks are trading mixed ahead midday, off early session highs after higher than expected S&P Global US PMI data sapped the early risk-on tone. Information technology sector shares buoyed stocks after Nvidia announced better than expected earnings late Wednesday, helping S&P Eminis and Nasdaq indexes climb to new all time highs.
  • Currently, the DJIA is down 275.37 points (-0.69%) at 39396.13, S&P E-Minis up 6.25 points (0.12%) at 5334.5 (5365.50 high), Nasdaq up 123.4 points (0.7%) at 16924.29 (16940.10 high).
  • IT and Communication Services sectors led gainers in the first half, semiconductor makers outperforming: strong AI demand helped Nvidia gain +10.35%, Synopsys and Super Micro Computer shares both +3.95%, Western Digital +2.95%.
  • Interactive media and entertainment shares supported the Communication Services sector with Take Two Entertainment +1.59%, News Corp +1.33%, Meta +0.80%.
  • Utilities and Real Estate sector shares underperformed ahead midday, water and natural gas providers weighing on the former: American Water Works -3.21%, Eversource Energy -2.47%, Ameren -2.01%. REITs and estate management shares weighed on the latter: Public Storage -1.88%, Prologis, Boston Properties and Alexandria Real Estate all -1.80%.
  • Still some notable earnings announcements expected next week, including: Dick's Sporting Goods, Advanced Auto Parts, HP Inc, Salesforce, Agilent Technologies, Dollar General, Kohl's, Best Buy, Costco, The Gap, Nordstrom and Dell Technologies.
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  • Stocks are trading mixed ahead midday, off early session highs after higher than expected S&P Global US PMI data sapped the early risk-on tone. Information technology sector shares buoyed stocks after Nvidia announced better than expected earnings late Wednesday, helping S&P Eminis and Nasdaq indexes climb to new all time highs.
  • Currently, the DJIA is down 275.37 points (-0.69%) at 39396.13, S&P E-Minis up 6.25 points (0.12%) at 5334.5 (5365.50 high), Nasdaq up 123.4 points (0.7%) at 16924.29 (16940.10 high).
  • IT and Communication Services sectors led gainers in the first half, semiconductor makers outperforming: strong AI demand helped Nvidia gain +10.35%, Synopsys and Super Micro Computer shares both +3.95%, Western Digital +2.95%.
  • Interactive media and entertainment shares supported the Communication Services sector with Take Two Entertainment +1.59%, News Corp +1.33%, Meta +0.80%.
  • Utilities and Real Estate sector shares underperformed ahead midday, water and natural gas providers weighing on the former: American Water Works -3.21%, Eversource Energy -2.47%, Ameren -2.01%. REITs and estate management shares weighed on the latter: Public Storage -1.88%, Prologis, Boston Properties and Alexandria Real Estate all -1.80%.
  • Still some notable earnings announcements expected next week, including: Dick's Sporting Goods, Advanced Auto Parts, HP Inc, Salesforce, Agilent Technologies, Dollar General, Kohl's, Best Buy, Costco, The Gap, Nordstrom and Dell Technologies.