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Equities Roundup: Dow Leads Strong Bounce of Last Week's Lows

US STOCKS
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  • Stocks are trading higher ahead midday, rebounding off late Friday lows with the Dow outperforming. Currently, the DJIA trades up 579.73 points (1.44%) at 40926.44, S&P E-Minis up 60.5 points (1.12%) at 5480.5, Nasdaq up 181.9 points (1.1%) at 16873.92.
  • Financial and Energy sector shares led the broad based rebound early Monday, market focus on this week's CPI/PPI inflation metrics for clues ahead of next week's FOMC policy announcement.
  • Insurance and services stocks buoyed the Financials sector: American Express +2.8%, Travelers and Huntington Bancshares +2.70%, Visa +2.38% ahead midday. Oil & gas stocks supported the Energy sector as crude prices gained (WTI +0.72 at 68.39): Exxon Mobil +2.71%, Hess +2.53%, Chevron +2.37%.
  • On the flipside, Information Technology and Health Care sectors lagged the broader based rally, some chip stocks and hardware makers weaker in the first half: Enphase -2.77%, First Solar -1.54%, Apple -0.57%. Humana -3.01%, CVS -2.34% and Bio-Rad Industries -1.82% weighed on the health Care sector.
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  • Stocks are trading higher ahead midday, rebounding off late Friday lows with the Dow outperforming. Currently, the DJIA trades up 579.73 points (1.44%) at 40926.44, S&P E-Minis up 60.5 points (1.12%) at 5480.5, Nasdaq up 181.9 points (1.1%) at 16873.92.
  • Financial and Energy sector shares led the broad based rebound early Monday, market focus on this week's CPI/PPI inflation metrics for clues ahead of next week's FOMC policy announcement.
  • Insurance and services stocks buoyed the Financials sector: American Express +2.8%, Travelers and Huntington Bancshares +2.70%, Visa +2.38% ahead midday. Oil & gas stocks supported the Energy sector as crude prices gained (WTI +0.72 at 68.39): Exxon Mobil +2.71%, Hess +2.53%, Chevron +2.37%.
  • On the flipside, Information Technology and Health Care sectors lagged the broader based rally, some chip stocks and hardware makers weaker in the first half: Enphase -2.77%, First Solar -1.54%, Apple -0.57%. Humana -3.01%, CVS -2.34% and Bio-Rad Industries -1.82% weighed on the health Care sector.