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Equities Roundup: Energy and Consumer Discretionary Leading Gains

US STOCKS
  • Stocks trading modestly higher at midday, inside a narrow session range after reversing early gains. Currently, DJIA is up 10.02 points (0.03%) at 34954.59, S&P E-Mini futures up 2.5 points (0.06%) at 4525.75, Nasdaq up 2.3 points (0%) at 14116.04.
  • Leading gainers: Energy and Consumer Discretionary sector shares outperformed in the first half, Oil and gas stocks buoyed the former as crude prices recovered some lost ground after Thu's sharp sell-off (WTI +2.38 to 75.30): Marathon Petroleum +3.05%, Valero and Philips 66 both +2.75%, Diamondback Energy +2.3%.
  • Meanwhile, the Consumer Discretionary sector was buoyed by broadline retailers and auto parts makers: Etsy +3.45%, Amazon +0.86%, Aptiv +2.05%, Borg-Warner +1.39%.
  • Laggers: Communication Services and Information Technology sectors underperformed, interactive media and entertainment shares weighing on the former: reversing prior session gains, Google -2.05%, Netflix -0.65%, News Corp -0.50%. Software and services shares weighed on the IT sector: Microsoft -1.31%, ANSYS -0.71%, Gartner -0.66%.
  • Corporate earnings winding down, but still some big names expected next week: Lowes, Best Buy, Burlington Stores and Kohl's early Tuesday, Autodesk, Nvidia and Deere after Tuesday's close.

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