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Equities Roundup: Mildly Higher, Banks, Utilities Outperforming

US STOCKS
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  • Stocks are mildly higher at the moment, still off the week opener's all-time highs. Currently, the DJIA is up 29.35 points (0.07%) at 39834.02 (40073.06 high), S&P E-Minis up 3 points (0.06%) at 5334.5 (5348.25 high), Nasdaq up 3.2 points (0%) at 16797.9 (16804.15 high).
  • Utilities and Financial sectors led gainers in the first half, shares of electricity and independent power providers outperforming: Constellation Energy, +2.04%, Vistra +1.33%, CenterPoint Energy +0.87%. The Financial sector was supported by banks as they recovered some ground lost on Monday: JPM +1.73% (-3.57% Monday after Dimon commented would not buy back shares at current levels), Citigroup +1.50%, Wells Fargo +1.47%.
  • Laggers: Consumer Discretionary and Industrial sectors underperformed in the first half, broadline retailers weighing on the former: AutoZone -3.12% after missing earnings estimates, Lowes -2.44%, Amazon -1.27%. Ground transportation shares weighed on the Industrials sector: JB Hunt -3.22%, Union Pacific -2.87%, CH Robinson -1.64%.
  • Reminder: a few late cycle corporate earnings still expected this week: Target, Petco, Analog Devices, Toll Brothers, TJX, Synopsys, Nvidia (after market Wednesday), Autodesk, Dollar Tree Inc.
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  • Stocks are mildly higher at the moment, still off the week opener's all-time highs. Currently, the DJIA is up 29.35 points (0.07%) at 39834.02 (40073.06 high), S&P E-Minis up 3 points (0.06%) at 5334.5 (5348.25 high), Nasdaq up 3.2 points (0%) at 16797.9 (16804.15 high).
  • Utilities and Financial sectors led gainers in the first half, shares of electricity and independent power providers outperforming: Constellation Energy, +2.04%, Vistra +1.33%, CenterPoint Energy +0.87%. The Financial sector was supported by banks as they recovered some ground lost on Monday: JPM +1.73% (-3.57% Monday after Dimon commented would not buy back shares at current levels), Citigroup +1.50%, Wells Fargo +1.47%.
  • Laggers: Consumer Discretionary and Industrial sectors underperformed in the first half, broadline retailers weighing on the former: AutoZone -3.12% after missing earnings estimates, Lowes -2.44%, Amazon -1.27%. Ground transportation shares weighed on the Industrials sector: JB Hunt -3.22%, Union Pacific -2.87%, CH Robinson -1.64%.
  • Reminder: a few late cycle corporate earnings still expected this week: Target, Petco, Analog Devices, Toll Brothers, TJX, Synopsys, Nvidia (after market Wednesday), Autodesk, Dollar Tree Inc.