July 19, 2024 15:55 GMT
Equities Roundup: Eminis, Nasdaq Back to Early July Levels
US STOCKS
Credit BulletsHomepageCreditEquitiesAT&T Market NewsBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
- Stocks are weaker ahead midday Friday, S&P Eminis and Nasdaq indexes back to early July levels while the Dow has retreated to last Friday's levels a day after climbing to new all time high of 41,370.37. Currently, the DJIA is down 379.04 points (-0.93%) at 40288.89, S&P E-Minis down 31 points (-0.55%) at 5563.75, Nasdaq down 89.4 points (-0.5%) at 17780.88.
- Materials and Consumer Discretionary sectors underperformed in the first half, chemical and mining stocks weighed on the former: FMC Corp -4.89%, PPG Ind -2.95%, Celanese -2.86%. Autos and parts makers weighed on Consumer Discretionary sector: Aptiv -5.29%, Borg Warner -4.08% while Tesla declined 2.90%.
- A note on the IT sector, outages for software provider CrowdStrike saw share prices fall -8.25%, the outage caused disruptions for others including Intel -4.8%, EPAM Systems -3.76% and ON Semiconductors -3.88%. Prices were off lows as workaround solutions having been filtering through for the last few hours.
- Conversely, Health Care and Communication Services sectors led gainers in the first half, shares of equipment and servicers buoyed the former: Intuitive Surgical +5.9%, Boston Scientific +1.6%, Abbott Labs +1.07%. Meanwhile, interactive media and services shares supported Communication Services: Meta +0.81, Google +0.5%.
- Note, after reporting earnings this morning, Fifth Third +0.05, Regions Financial -1.22%, Comerica -11.59%, American Express -3.92% and Huntington +2.2%.
212 words