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Equities Roundup: Little Incentive to Extend Highs Ahead Weekend

US STOCKS
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  • Stocks are trading mildly higher at midmorning, still off yesterday's record highs: S&P Eminis climbed to a new high of 5349.0, the Dow breached 40,000 for the first time to 40,048.11, Nasdaq all-time high of 16,796.95.
  • Near the top end of narrow ranges with no data and little incentive to test highs going into the weekend. Currently, the DJIA is up 36.49 points (0.09%) at 39905.77, S&P E-Minis up 2 points (0.04%) at 5323, Nasdaq up 11.1 points (0.1%) at 16710.19.
  • Materials and Energy sectors led gainers in the first half, metals and mining stocks supported the former with gold trading over $32 higher: Freeport McMoRan +2.71%, Newmont Corp +1.68%. Oil and gas shares buoyed the latter: Valero +2.74%, Marathon Petroleum +2.22%, Exxon +0.66%.
  • Laggers: Health Care and Consumer Staples sectors underperformed in the first half, equipment and services shares weighed on the former: Laboratory Corp of America -1.76%, Teleflex Inc -1.35%, Edwards Lifesciences -1.23%. Meanwhile, household and personal product makers weighed on Consumer Staples: Este Lauder -1.58%, Clorox -0.9%, Kenvue Inc -0.63%.
  • Late cycle corporate earnings expected next week: Zoom Video Conf, Palo Alto Networks, 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 trading mildly higher at midmorning, still off yesterday's record highs: S&P Eminis climbed to a new high of 5349.0, the Dow breached 40,000 for the first time to 40,048.11, Nasdaq all-time high of 16,796.95.
  • Near the top end of narrow ranges with no data and little incentive to test highs going into the weekend. Currently, the DJIA is up 36.49 points (0.09%) at 39905.77, S&P E-Minis up 2 points (0.04%) at 5323, Nasdaq up 11.1 points (0.1%) at 16710.19.
  • Materials and Energy sectors led gainers in the first half, metals and mining stocks supported the former with gold trading over $32 higher: Freeport McMoRan +2.71%, Newmont Corp +1.68%. Oil and gas shares buoyed the latter: Valero +2.74%, Marathon Petroleum +2.22%, Exxon +0.66%.
  • Laggers: Health Care and Consumer Staples sectors underperformed in the first half, equipment and services shares weighed on the former: Laboratory Corp of America -1.76%, Teleflex Inc -1.35%, Edwards Lifesciences -1.23%. Meanwhile, household and personal product makers weighed on Consumer Staples: Este Lauder -1.58%, Clorox -0.9%, Kenvue Inc -0.63%.
  • Late cycle corporate earnings expected next week: Zoom Video Conf, Palo Alto Networks, Macy's Inc, Lowe's Inc, AutoZone Inc, Target, Petco, Analog Devices, TJX, Synopsys, Nvidia, Autodesk, Dollar Tree Inc.