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Equities Roundup: Health Care, IT Leading Gainers

US STOCKS
  • Stocks are holding modest gains, off early session highs at the moment. Risk sentiment cooling as stocks track Treasury futures lower, 10Y yield marking 4.6410% high (+0.0686). Currently, S&P E-Mini futures are up 1.25 points (0.03%) at 4377.5, Nasdaq up 12 points (0.1%) at 13491.65, DJIA up 39.44 points (0.12%) at 34101.95.
  • Initial technical resistance at 4391.75 today's high, followed by 4430.50 (High Oct 12). Initial support well below: 4157.75/4122.25 Low Nov 3 / Low Oct 27 and the bear trigger.
  • Leaders: Health Care and Information Technology leading gainers, pharmaceuticals and biotech shares buoying the former: Eli Lilly +3.93%, Vertex +2.34%, Regeneron +2.21%. Hardware makers underpinning the IT sector: Apple continues to inch off last week's multi-year lows despite earnings of $1.46 that surpass analyst estimate of $1.31. Revenue fell to $89.5 billion in the fiscal fourth quarter, however, just above $89.4 billion analyst estimates. Meanwhile, Motorola gained 1.05%.
  • Leaders: Real Estate and Financial sectors underperformed: residential and industrial Real Estate Investment Trusts weighing on the former: UDR -2.58%, Camden -2.47%, Prologis -2.12%. Meanwhile, Financial services shares weighed on the Financials sector: Blackstone -2.60%, Invesco -2.31%.

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