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Equities Roundup: Energy Leads Gainer as Crude Rises

US STOCKS
  • Stocks have scaled off post-data gains, trading steady to mixed at midday. DJIA down -84.21 points (-0.22%) at 38865.54, S&P E-Minis up 2 points (0.04%) at 5083, Nasdaq up 49 points (0.3%) at 15997.92.
  • Leading Gainers: Energy and Real Estate sectors lead gainers at midday, oil and gas stocks buoyed the former as crude prices climbed (WTI +.60 at 79.14): Williams and Coterra both up +1.62%, EQT Corp +1.57% while Phillips 66 trades +1.45%. Investment trusts lead the Real Estate sector for the second day running, particularly Office and Specialized REITS: Iron Mountain +5.08%, Alexandria Real Estate +2.18%, Boston Properties +1.66%.
  • Laggers: Health Care and Financial sectors underperformed in the first half, equipment and services shares weighed on the Health Care sector: GE HEalthcare -2.96%, Molina Healthcare and CVS both -1.9% while Baxter Int traded -1.85%. Insurance names weighed on the Financials sector: Marsh & McClennan -2.55%, AON -1.8%, Arch Capital -1.37%.
  • Looking ahead: corporate earnings after the close include: Autodesk Inc, Hewlett Packard Enterprises, Dell Technologies and B Riley Financials.

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