July 23, 2024 15:43 GMT
Equities Roundup: Modest Gains, Earnings Annc Pick Up Pace
US STOCKS
Credit BulletsHomepageCreditEquitiesAT&T Market NewsBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
- Stocks are making modest gains ahead midday Tuesday, still off last week's all-time highs. Currently, the DJIA is up 68.64 points (0.17%) at 40480.83, S&P E-Minis up 15.25 points (0.27%) at 5626, Nasdaq up 99.6 points (0.6%) at 18106.86.
- Consumer Discretionary and Information Technology sectors led gainers in the first half, broadline retailers buoyed the discretionary sector: Amazon +3.6% following recent upgrade from Morgan Stanley, Pool Corp +0.85%, Ulta +0.54%. Hardware makers supported IT: Arista Networks +1.67%, Amphenol +1.59%, Zebra Technologies +1.5%.
- Meanwhile, Energy and Utility sector shares underperformed, oil and gas shares weighing on the former for the second consecutive session: Diamondback Energy -2.44%, EOG Resources -1.95%, Hess and Coterra both -1.85%. Electricity and multi energy shares weighed on the Utility sector: Excel Energy -0.99%, Dominion -0.97%, Eversource -0.96%.
- Reminder, Tuesday afternoon earnings announcements expected from: Tesla, Texas Instruments, Seagate Technology, Enphase Energy, Alphabet, Visa and Capital One Financial Corp.
- Early Wednesday: Tenet Healthcare, Evercore, AT&T, Amphenol, CME Group, Old Dominion Freight Line, Blackstone Mortgage Trust, International Paper, Boston Scientific, Applied Digital, Lennox International, Fiserv, General Dynamics, Thermo Fisher Scientific, NextEra Energy, Otis Worldwide, Stifel Financial and NextEra Energy.
186 words