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Equities Roundup: DJIA Outpacing SPX Eminis, Nasdaq

US STOCKS
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  • Stocks are trading mixed ahead midday, the Dow index mildly higher vs. weaker SPX and Nasdaq indexes, Information Technology and Consumer Discretionary sectors underperforming. Currently, the DJIA trades up up 28.47 points (0.07%) at 41189.35, S&P E-Minis down 22.75 points (-0.4%) at 5629.5, Nasdaq down 173.6 points (-1%) at 17702.12.
  • Information Technology and Consumer Discretionary sectors underperformed in the first half, semiconductor stocks weighing on the former: Micron and Applied Materials both -3.35%, Broadcom -3.29%, Lam Research -3.14%. Tesla -3.15%, MGM Resorts -2.11%, Tapestry Inc -1.97% weighed on the Consumer Discretionary sector.
  • On the flipside, Energy and Utility sectors outperformed in the first half: oil and gas stocks underpinned as crude prices rallied (WTI +2.42 at 77.42 -- on Libya announcing force majeure recently, not to mention mid-East tension following after Israel bombed target in Lebanon.): EOG Resources +1.84%, ConocoPhillips +1.75%, Marathon Oil +1.71%. Electricity suppliers supported the Utility sector: Excel Energy +1.66%, PG&E +1.36%, NextEra Energy +1.18%.
  • Late cycle corporate earnings expected late Tuesday: Nordstrom Inc, SentinelOne Inc, PVH Corp and Semtech Corp. On Wednesday: Chewy Inc, Kohl's Corp, Foot Locker Inc, Veradigm Inc, Bath & Body Works Inc, Abercrombie & Fitch Co, NVIDIA Corp, Salesforce Inc, Five Below, HP, Victoria's Secret, NetApp and Crowdstrike Holdings.
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  • Stocks are trading mixed ahead midday, the Dow index mildly higher vs. weaker SPX and Nasdaq indexes, Information Technology and Consumer Discretionary sectors underperforming. Currently, the DJIA trades up up 28.47 points (0.07%) at 41189.35, S&P E-Minis down 22.75 points (-0.4%) at 5629.5, Nasdaq down 173.6 points (-1%) at 17702.12.
  • Information Technology and Consumer Discretionary sectors underperformed in the first half, semiconductor stocks weighing on the former: Micron and Applied Materials both -3.35%, Broadcom -3.29%, Lam Research -3.14%. Tesla -3.15%, MGM Resorts -2.11%, Tapestry Inc -1.97% weighed on the Consumer Discretionary sector.
  • On the flipside, Energy and Utility sectors outperformed in the first half: oil and gas stocks underpinned as crude prices rallied (WTI +2.42 at 77.42 -- on Libya announcing force majeure recently, not to mention mid-East tension following after Israel bombed target in Lebanon.): EOG Resources +1.84%, ConocoPhillips +1.75%, Marathon Oil +1.71%. Electricity suppliers supported the Utility sector: Excel Energy +1.66%, PG&E +1.36%, NextEra Energy +1.18%.
  • Late cycle corporate earnings expected late Tuesday: Nordstrom Inc, SentinelOne Inc, PVH Corp and Semtech Corp. On Wednesday: Chewy Inc, Kohl's Corp, Foot Locker Inc, Veradigm Inc, Bath & Body Works Inc, Abercrombie & Fitch Co, NVIDIA Corp, Salesforce Inc, Five Below, HP, Victoria's Secret, NetApp and Crowdstrike Holdings.