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Equities Roundup: Firmer, Near Mid-April Levels, Tech Shares Lead

US STOCKS
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  • Stocks are scaling off session highs in late morning trade, as program selling knocks S&P Eminis off 5143.50 recent high -- the best level since April 15 when Middle East tensions triggered risk-off sentiment. Currently, DJIA is up 91.63 points (0.24%) at 38177.7, S&P E-Minis up 47.75 points (0.94%) at 5130, Nasdaq up 307.5 points (2%) at 15921.11.
  • Leading gainers: Recovering from better sell interest yesterday, Communication Services and Information Technology sectors outperformed in the first half: Google surged +9.79%, Match +1.70%, Comcast +1.43%. Chip stocks continued to extend gains for the fifth day running: Super Micro Computer +6.30%, Nvidia +5.35%, KLA Corp +4.66%.
  • Laggers: Energy and Utility sectors underperformed in the first half, oil equipment and services shares weighed on the former: Phillips66 -4.14%, Exxon Mobil -4.13%, Pioneer Natural Resources -3.51%. Utilities weighed down by electricity and multi-energy shares: Xcel Energy -1.91%, NRG Energy -1.40%, NexEra Energy -1.35%.
  • Expected corporate earnings announcements surge early next week:
    • Monday: Domino's Pizza, ON Semiconductor, SBA Communications;
    • Tuesday: Coca-Cola, Molson Coors, Sirius XM, McDonalds, Corning, PACCAR, Martin Marietta Materials, 3M, American Tower, GE Health, Sysco, Eli Lilly, PayPal Holdings, Archer-Daniels-Midland, Eaton Corp, Stryker, Prudential Fncl, ONEOK, Boston Properties, Diamondback Energy, Public Storage, Pinterest, Amazon, Starbucks, Advanced Micro Designs, Super Micro Computer.
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  • Stocks are scaling off session highs in late morning trade, as program selling knocks S&P Eminis off 5143.50 recent high -- the best level since April 15 when Middle East tensions triggered risk-off sentiment. Currently, DJIA is up 91.63 points (0.24%) at 38177.7, S&P E-Minis up 47.75 points (0.94%) at 5130, Nasdaq up 307.5 points (2%) at 15921.11.
  • Leading gainers: Recovering from better sell interest yesterday, Communication Services and Information Technology sectors outperformed in the first half: Google surged +9.79%, Match +1.70%, Comcast +1.43%. Chip stocks continued to extend gains for the fifth day running: Super Micro Computer +6.30%, Nvidia +5.35%, KLA Corp +4.66%.
  • Laggers: Energy and Utility sectors underperformed in the first half, oil equipment and services shares weighed on the former: Phillips66 -4.14%, Exxon Mobil -4.13%, Pioneer Natural Resources -3.51%. Utilities weighed down by electricity and multi-energy shares: Xcel Energy -1.91%, NRG Energy -1.40%, NexEra Energy -1.35%.
  • Expected corporate earnings announcements surge early next week:
    • Monday: Domino's Pizza, ON Semiconductor, SBA Communications;
    • Tuesday: Coca-Cola, Molson Coors, Sirius XM, McDonalds, Corning, PACCAR, Martin Marietta Materials, 3M, American Tower, GE Health, Sysco, Eli Lilly, PayPal Holdings, Archer-Daniels-Midland, Eaton Corp, Stryker, Prudential Fncl, ONEOK, Boston Properties, Diamondback Energy, Public Storage, Pinterest, Amazon, Starbucks, Advanced Micro Designs, Super Micro Computer.