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Equities Roundup: Off Lows, Oil & Gas, Utilities Outperforming

US STOCKS
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  • Stocks are trading near steady to mixed ahead midday, off early session lows with Nasdaq outperforming -- a relatively quiet session ahead of Wednesday's CPI and FOMC policy announcement.
  • Currently, the DJIA is down 72.56 points (-0.19%) at 38726.3, S&P E-Minis up 2.25 points (0.04%) at 5358, Nasdaq up 40.6 points (0.2%) at 17173.47.
  • Energy and and Utility sector shares outperformed in the first half, oil and gas shares supporting the former as crude prices continued to rise off last week's lows (WTI +1.15 at 76.68): EQT Corp +1.80%, APA +1.60%, Diamondback Energy +1.53%. Independent and electricity providers buoyed the Utility sector: Constellation Energy +5.85%, Vistra Corp +4.98%, AES +2.77%.
  • On the flipside, Financial and Consumer Staples sectors underperformed in the first half of trade, banks and financial services shares weighing on the former: Huntington Bancshares -6.53% after poor forward guidance, Regions Financial and Citizens Financial both -2.88% while KeyCorp declined 2.66%. Meanwhile, Consumer Staples weighed by food and beverage shares: Kraft-Heinz -3.11%, Brown-Forman and PepsiCo both -2.69%, Conagra Brands -2.59%.
  • Notable earnings releases this week include: Casey's General Store, Oracle, Broadcom, Adobe and Lennar Group.
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  • Stocks are trading near steady to mixed ahead midday, off early session lows with Nasdaq outperforming -- a relatively quiet session ahead of Wednesday's CPI and FOMC policy announcement.
  • Currently, the DJIA is down 72.56 points (-0.19%) at 38726.3, S&P E-Minis up 2.25 points (0.04%) at 5358, Nasdaq up 40.6 points (0.2%) at 17173.47.
  • Energy and and Utility sector shares outperformed in the first half, oil and gas shares supporting the former as crude prices continued to rise off last week's lows (WTI +1.15 at 76.68): EQT Corp +1.80%, APA +1.60%, Diamondback Energy +1.53%. Independent and electricity providers buoyed the Utility sector: Constellation Energy +5.85%, Vistra Corp +4.98%, AES +2.77%.
  • On the flipside, Financial and Consumer Staples sectors underperformed in the first half of trade, banks and financial services shares weighing on the former: Huntington Bancshares -6.53% after poor forward guidance, Regions Financial and Citizens Financial both -2.88% while KeyCorp declined 2.66%. Meanwhile, Consumer Staples weighed by food and beverage shares: Kraft-Heinz -3.11%, Brown-Forman and PepsiCo both -2.69%, Conagra Brands -2.59%.
  • Notable earnings releases this week include: Casey's General Store, Oracle, Broadcom, Adobe and Lennar Group.