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Equities Roundup: Modest Risk-On to Start Week, Earnings Accelerate

US STOCKS
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  • Stocks are trading modestly higher early Monday, holding to a narrow range ahead a busy corporate earnings docket this week, not to mention Wednesday's FOMC and April employment report this Friday. Currently, DJIA is up 73.72 points (0.19%) at 38309.43, S&P E-Minis up 11.25 points (0.22%) at 5142.5, Nasdaq up 30.7 points (0.2%) at 15960.05.
  • Leading gainers: Consumer Discretionary and Utilities sector shares led gainers in the first half, EV maker Tesla +11.08% and parts makers Aptiv +1.57%, Borg Warner +1.45% supported the former. Utilities were supported by independent power and electricity providers: NextEra Energy +2.55%, Eversource Energy +2.09%, Dominion +1.63%.
  • Laggers: Communication Services and Consumer Staples sectors underperformed in the first half: unwinding a portion of Friday's rally, Google receded -1.92%, Meta -1.58%, Netflix -0.56%. Distribution and retail shares weighed on the Consumer Staples sector early on: Dollar Tree -3.25%, Dollar General -1.19%, CostCo -0.84%.
  • Expected corporate earnings announcements after today's close: SBA Communication, Paramount Global, Welltower and Transocean. the pace picks up Tuesday: Coca-Cola, Molson Coors, Sirius XM, McDonalds, Corning, PACCAR, Martin Marietta Materials, 3M, American Tower, GE Health, Sysco, Eli Lilly, PayPal Holdings, Archer-Daniels-Midland, Eaton Corp, Stryker, Prudential Fncl, ONEOK, Boston Properties, Diamondback Energy, Public Storage, Pinterest, Amazon, Starbucks, Advanced Micro Designs, Super Micro Computer.
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  • Stocks are trading modestly higher early Monday, holding to a narrow range ahead a busy corporate earnings docket this week, not to mention Wednesday's FOMC and April employment report this Friday. Currently, DJIA is up 73.72 points (0.19%) at 38309.43, S&P E-Minis up 11.25 points (0.22%) at 5142.5, Nasdaq up 30.7 points (0.2%) at 15960.05.
  • Leading gainers: Consumer Discretionary and Utilities sector shares led gainers in the first half, EV maker Tesla +11.08% and parts makers Aptiv +1.57%, Borg Warner +1.45% supported the former. Utilities were supported by independent power and electricity providers: NextEra Energy +2.55%, Eversource Energy +2.09%, Dominion +1.63%.
  • Laggers: Communication Services and Consumer Staples sectors underperformed in the first half: unwinding a portion of Friday's rally, Google receded -1.92%, Meta -1.58%, Netflix -0.56%. Distribution and retail shares weighed on the Consumer Staples sector early on: Dollar Tree -3.25%, Dollar General -1.19%, CostCo -0.84%.
  • Expected corporate earnings announcements after today's close: SBA Communication, Paramount Global, Welltower and Transocean. the pace picks up Tuesday: Coca-Cola, Molson Coors, Sirius XM, McDonalds, Corning, PACCAR, Martin Marietta Materials, 3M, American Tower, GE Health, Sysco, Eli Lilly, PayPal Holdings, Archer-Daniels-Midland, Eaton Corp, Stryker, Prudential Fncl, ONEOK, Boston Properties, Diamondback Energy, Public Storage, Pinterest, Amazon, Starbucks, Advanced Micro Designs, Super Micro Computer.