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Equities Roundup: Nasdaq Posting Modest Gains

US STOCKS
  • Stocks are trading mixed late Thursday, Nasdaq managing modest gains later in the second half. Currently, the DJIA is 29.64 points (-0.08%) at 38648.33, S&P E-Minis down 1.75 points (-0.03%) at 5013.25 (off Wednesday's contract high of 5020.0), Nasdaq up 49.4 points (0.3%) at 15804.74.
  • Leading gainers: Real Estate and Energy sector shares narrowly outperformed in the second half, industrial and office real estate investment trusts (REITS) buoyed the former: Prologis +2.23%, Boston Properties +1.77%. Oil and gas shares supported the Energy sector as crude prices rebounded (WTI +2.19 at 76.05): Devon Energy +1.94%, Conoco-Phillips +1.46% while Exon Mobil gained 1.22%.
  • Laggers: Utilities and Financial sectors underperformed, electricity and independent power shares weighed on the former: Duke Energy -2.69%, Pinnacle West -2.59%, Edison Int -2.44%. Meanwhile banks and financial services traded weaker: despite beating earnings estimates ,PayPal Holding sank -11.21% on disappointing forward guidance, Everest Grp -8.29%, FleetCor -7.7%.
  • Looking ahead: corporate earnings expected after the close: Expedia, Mettler-Toledo, Take-Two Interactive, Pinterest. Early Friday: PepsiCo, Blue Owl Capital and Catalent Inc.

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