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Equities Roundup: Dow Extends New Highs, Energy, Banks Outperforming

US STOCKS
  • Stocks are trading higher at midmorning, flirting with recent all-time highs with the Dow climbing past Friday's record high of 40,244.94 to 40,313.00, S&P eminis and Nasdaq indexes still off Friday's highs. Currently, the DJIA up 305.47 points (0.76%) at 40300.8, S&P E-Minis up 48.75 points (0.86%) at 5713.75, Nasdaq up 213 points (1.2%) at 18610.16.
  • Energy and Financial sector shares led gainers in the first half, equipment and services shares buoyed the former: Haliburton +2.27%, Schlumberger and Baker Hughes both +2.22%. Banks supported the Financial sector in the first half, Wells Fargo +2.59%, Regions Financial +2.15%, JP Morgan +1.94%.
  • Note, Wells and JPM rebounded after consolidating following last Friday's earnings. Blackrock and Goldman Sachs both announced early Monday, GS +1.41%, Blackrock +0.46%.
  • Conversely, Utilities and Consumer Staples underperformed in the first half, electricity and independent power providers underperforming: AES Corp -9.37%, Centerpoint energy -5.46%, NextEra Energy -4.84%. Household and personal products makers traded soft: Estee Lauder -1.37%, Clorox -1.05%, P&G -0.76%.
  • Upcoming earnings: Bank of America, Charles Schwab, State Street and Morgan Stanley on Tuesday; Citizens Financial, US Bancorp, Discover Financial and Ally Financial on Wednesday; KeyCorp, M&T Bank and Blackstone on Thursday; Fifth Third, Regions Financial, Comerica, American Express and Huntington next Friday.

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