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Equities Roundup: Extending All-Time Highs, Chip Stocks Leading

US STOCKS
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  • Stocks are climbing to new all-time highs ahead midday, Information Technology sector shares outperforming in the first half. Currently, the DJIA is up 26.74 points (0.07%) at 40031.88 (40073.06 high), S&P E-Minis up 15 points (0.28%) at 5342.25 (5348.25 high), Nasdaq up 98 points (0.6%) at 16783.33 (16804.15 high).
  • IT and Industrials sectors led gainers in the first half, semiconductor makers buoyed the former with Teradyne +4.85%, Micron +3.57% and Applied Materials +3.31%. Building product makers supported the Industrial sector: Johnson Controls +2.88% following news activist Elliot would build a $1B stake in the HVAC company, Carrier Global +1.63%, Trane Technologies +1.56%.
  • Laggers: Energy and Consumer Discretionary sectors underperformed in the first half, equipment and services shares weighed on the former: Schlumberger -0.68%, Baker Hughes -0.48%, Halliburton -0.45%. Meanwhile, automakers weighed on the Discretionary sector: Tesla -1.65, GM -0.44%, parts maker Borg-Warner -0.40%.
  • Reminder: a few late cycle corporate earnings expected this week: Zoom Video Conf and Palo Alto Networks after today's close. Later in the week: Macy's Inc, Lowe's Inc, AutoZone Inc, Target, Petco, Analog Devices, TJX, Synopsys, Nvidia, Autodesk, Dollar Tree Inc.
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  • Stocks are climbing to new all-time highs ahead midday, Information Technology sector shares outperforming in the first half. Currently, the DJIA is up 26.74 points (0.07%) at 40031.88 (40073.06 high), S&P E-Minis up 15 points (0.28%) at 5342.25 (5348.25 high), Nasdaq up 98 points (0.6%) at 16783.33 (16804.15 high).
  • IT and Industrials sectors led gainers in the first half, semiconductor makers buoyed the former with Teradyne +4.85%, Micron +3.57% and Applied Materials +3.31%. Building product makers supported the Industrial sector: Johnson Controls +2.88% following news activist Elliot would build a $1B stake in the HVAC company, Carrier Global +1.63%, Trane Technologies +1.56%.
  • Laggers: Energy and Consumer Discretionary sectors underperformed in the first half, equipment and services shares weighed on the former: Schlumberger -0.68%, Baker Hughes -0.48%, Halliburton -0.45%. Meanwhile, automakers weighed on the Discretionary sector: Tesla -1.65, GM -0.44%, parts maker Borg-Warner -0.40%.
  • Reminder: a few late cycle corporate earnings expected this week: Zoom Video Conf and Palo Alto Networks after today's close. Later in the week: Macy's Inc, Lowe's Inc, AutoZone Inc, Target, Petco, Analog Devices, TJX, Synopsys, Nvidia, Autodesk, Dollar Tree Inc.