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Equities Roundup: IT, Consumer Discretionary Stocks Outperform

US STOCKS
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  • Stocks are holding moderate gains in late morning trade, off midmorning lows with Information Technology and Consumer Discretionary sectors outperforming. Currently, DJIA is up 135.53 points (0.36%) at 38040.7, S&P E-Minis up 12.5 points (0.25%) at 5060, Nasdaq up 105.3 points (0.7%) at 15711.87.
  • Leading gainers: Chip stocks buoyed the IT sector in the first half: Qualcomm surged 10.05% after beating earnings late Wednesday in addition to positive forward guidance. Monolithic Power +7.52%, Nvidia +2.27%. Broadline retailers supported the Consumer Discretionary sector: Amazon +1.86%, TJX +1.39%, AutoZone +0.71%. On the flipside, Etsy's lackluster earnings saw shares tumble 14.89%.
  • Laggers: Materials and Health Care sectors underperformed in the first half: chemical stocks weighing on the former: Linde PLC -5.92%, Mosaic Cos -4.91%, CF Industries -4.58%. Meanwhile, biotechnology shares weighed on the Health Care sector: IQVIA Holdings -3.22%, Revvity -1.42%Eli Lilly -1.35%.
  • Expected corporate earnings announcements after today's close: Apple Inc, Kellanova, Booking Holdings, Block, Ingersoll Rand, EOG Resources, Pioneer Natural Resources, Expedia, Cable One, Coinbase Global, US Steel, Amgen, Monster Beverage.
  • Early Friday releases: Hershey, CBRE Group, Microchip Technology, B Riley Financial, Equinix, Cheniere Energy, CBOE Global.
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  • Stocks are holding moderate gains in late morning trade, off midmorning lows with Information Technology and Consumer Discretionary sectors outperforming. Currently, DJIA is up 135.53 points (0.36%) at 38040.7, S&P E-Minis up 12.5 points (0.25%) at 5060, Nasdaq up 105.3 points (0.7%) at 15711.87.
  • Leading gainers: Chip stocks buoyed the IT sector in the first half: Qualcomm surged 10.05% after beating earnings late Wednesday in addition to positive forward guidance. Monolithic Power +7.52%, Nvidia +2.27%. Broadline retailers supported the Consumer Discretionary sector: Amazon +1.86%, TJX +1.39%, AutoZone +0.71%. On the flipside, Etsy's lackluster earnings saw shares tumble 14.89%.
  • Laggers: Materials and Health Care sectors underperformed in the first half: chemical stocks weighing on the former: Linde PLC -5.92%, Mosaic Cos -4.91%, CF Industries -4.58%. Meanwhile, biotechnology shares weighed on the Health Care sector: IQVIA Holdings -3.22%, Revvity -1.42%Eli Lilly -1.35%.
  • Expected corporate earnings announcements after today's close: Apple Inc, Kellanova, Booking Holdings, Block, Ingersoll Rand, EOG Resources, Pioneer Natural Resources, Expedia, Cable One, Coinbase Global, US Steel, Amgen, Monster Beverage.
  • Early Friday releases: Hershey, CBRE Group, Microchip Technology, B Riley Financial, Equinix, Cheniere Energy, CBOE Global.