August 21, 2024 16:00 GMT
Equities Roundup: Near Steady After Volatile Morning
US STOCKS
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- Stocks are making modest gains for the most part ahead midday, off earlier highs following some data-driven volatility after a 30 minute delayed BLS employment down-revision for March helped Eminis climb to new 4 week highs briefly. Currently, the DJIA trades down 55.29 points (-0.14%) at 40786.65, S&P E-Minis up 0.75 points (0.01%) at 5621.5, Nasdaq up 8.7 points (0%) at 17828.36.
- Materials and Utilities sector shares led gainers in the first hald, chemical makers buoyed the former: Albemarle +4.9%, Mosaic +3.63%, Int Flavors & Fragrances +1.85%. The Energy sector was lead by Valero +2.12%, Phillips66 +1.98%, Marathon +1.24.
- On the flipside, listed banks weighed on the Financials: Franklin Resources -7.87%, American Express -3.45%, Citigroup -1.75%. Investment Trusts weighed on the Real Estate sector: Equinix -1.24%, Crown Castle -0.55%.
- Other stocks in the news: Target gained over 10% on earnings beat while Macys -8% on poor sales outlook.
- Late cycle corporate earnings expected this week: after today's close, Urban Outfitters, Agilent Technologies, Synopsys, Snowflake and Zoom Video Communications ;Wednesday; Peloton, Advance Auto Parts, Williams-Sonoma, Ross Stores and Intuit on Thursday; Dollar Tree and Veradigm Inc on Friday.
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