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Equities Roundup: Dow Leads After UnitedHealth Revenues Beat

US STOCKS
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  • Stocks are trading mixed at midday, the Dow outperforming after UnitedHealth shares rallied over 6% after 1Q revenue of $75.36B beat expectations. JB Hunt, United Airlines and Interactive Brokers are expected to announce after today's close.
  • Currently, DJIA is up 161.35 points (0.43%) at 37891.89, S&P E-Minis down 0.5 points (-0.01%) at 5102.75, Nasdaq up 4.9 points (0%) at 15887.08.
  • Leading Gainers: Health Care and Communication Services sector shares outperformed in the first half, equipment and services shares buoyed the former with UniteHealth +6.14%, Humana +2.23%, Elevance Health +1.97%. Interactive media and entertainment shares buoyed the Communication Services sector: Netflix +2.22%, Disney +1.11%, Meta +0.58%.
  • Laggers: Utilities and Real Estate sector shares underperformed in the first half. Water and multi-energy providers weighed on Utilities with Dominion Energy -1.55%, DTE Energy -1.5%, American Water Works -1.17%. Meanwhile, estate management and services weighed on the former: CBRE Group -1.44%, CoStar Group -0.93%.
  • The short-term trend condition in S&P E-Minis is unchanged and remains bearish. Yesterday’s move lower reinforces the current condition - the contract has traded through support at the 50-day EMA and this signals scope for a continuation lower near-term. Sights are on 5070.36 next, a Fibonacci retracement. Clearance of this level would open 5018.00, the Feb 21 low. Firm resistance is seen at 5221.49, the 20-day EMA.
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  • Stocks are trading mixed at midday, the Dow outperforming after UnitedHealth shares rallied over 6% after 1Q revenue of $75.36B beat expectations. JB Hunt, United Airlines and Interactive Brokers are expected to announce after today's close.
  • Currently, DJIA is up 161.35 points (0.43%) at 37891.89, S&P E-Minis down 0.5 points (-0.01%) at 5102.75, Nasdaq up 4.9 points (0%) at 15887.08.
  • Leading Gainers: Health Care and Communication Services sector shares outperformed in the first half, equipment and services shares buoyed the former with UniteHealth +6.14%, Humana +2.23%, Elevance Health +1.97%. Interactive media and entertainment shares buoyed the Communication Services sector: Netflix +2.22%, Disney +1.11%, Meta +0.58%.
  • Laggers: Utilities and Real Estate sector shares underperformed in the first half. Water and multi-energy providers weighed on Utilities with Dominion Energy -1.55%, DTE Energy -1.5%, American Water Works -1.17%. Meanwhile, estate management and services weighed on the former: CBRE Group -1.44%, CoStar Group -0.93%.
  • The short-term trend condition in S&P E-Minis is unchanged and remains bearish. Yesterday’s move lower reinforces the current condition - the contract has traded through support at the 50-day EMA and this signals scope for a continuation lower near-term. Sights are on 5070.36 next, a Fibonacci retracement. Clearance of this level would open 5018.00, the Feb 21 low. Firm resistance is seen at 5221.49, the 20-day EMA.