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Equities Roundup: Off Lows, Insurance, Industrials Lagging

US STOCKS
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  • Stocks hold modestly weaker late Tuesday, off morning lows as shorts cover ahead tomorrow's headline CPI inflation data. Currently, DJIA is down 31.24 points (-0.08%) at 38864.38, S&P E-Minis down 0.25 points (0%) at 5253.5, Nasdaq up 29.6 points (0.2%) at 16283.67.
  • Leading Gainers: Real Estate and Utilities outperformed in the second half, investment trusts, particularly office and specialized REITs buoyed the former: Boston Properties +2.8%, SBA Communications +2.05%, American Tower +2.01%. Multi energy and water utilities buoyed the latter: Dominion +1.19%, Sempra +1.1%, American Water Works +0.97%.
  • Laggers: Financial and Industrial sector shares underperformed, insurance names weighing on the former: Arch Capital -3.91%, WR Berkley -3.48%, Hartford Financial -3.35%. Construction/engineering names weighed on the Industrial sector: Huntington Ingalls -4.07%, Eaton Corp -3.60%, PACCAR Inc -3.1%.
  • Reminder, the next quarterly earnings starts in earnest late this week with JP Morgan, BlackRock, Wells Fargo, State Street and Citigroup reporting Friday, April 12.
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  • Stocks hold modestly weaker late Tuesday, off morning lows as shorts cover ahead tomorrow's headline CPI inflation data. Currently, DJIA is down 31.24 points (-0.08%) at 38864.38, S&P E-Minis down 0.25 points (0%) at 5253.5, Nasdaq up 29.6 points (0.2%) at 16283.67.
  • Leading Gainers: Real Estate and Utilities outperformed in the second half, investment trusts, particularly office and specialized REITs buoyed the former: Boston Properties +2.8%, SBA Communications +2.05%, American Tower +2.01%. Multi energy and water utilities buoyed the latter: Dominion +1.19%, Sempra +1.1%, American Water Works +0.97%.
  • Laggers: Financial and Industrial sector shares underperformed, insurance names weighing on the former: Arch Capital -3.91%, WR Berkley -3.48%, Hartford Financial -3.35%. Construction/engineering names weighed on the Industrial sector: Huntington Ingalls -4.07%, Eaton Corp -3.60%, PACCAR Inc -3.1%.
  • Reminder, the next quarterly earnings starts in earnest late this week with JP Morgan, BlackRock, Wells Fargo, State Street and Citigroup reporting Friday, April 12.