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Equities Roundup: Off Lows, REITS, Airfreight Outperforming

US STOCKS
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  • Stocks remain weaker but are paring losses in late morning trade. Currently, the DJIA is down 316.29 points (-0.82%) at 38123.36, S&P E-Minis down 18 points (-0.34%) at 5265.75, Nasdaq down 93.5 points (-0.6%) at 16826.3.
  • Leading gainers: Real Estate and Industrial sectors outperformed in the first half, real estate investment trusts, particularly industrial and health care REITs: Prologis +1.42%, Ventas +2.62%, Healthpeak Properties +2.06%.
  • Airfreight and logistics shares buoyed the Industrials sector: Expeditors Int +1.37%, FedEx +1.28%, JB Hunt +1.20%.
  • Meanwhile, Information Technology and Communication Services shares underperformed in the first half of trade, software and services weighing on the former: Salesforce hammered -20.58% after yesterday's earnings spurred multiple downgrades this morning, ServiceNow Inc -9.24%, Intuit -4.88%.
  • Interactive media and entertainment shares weighed on Communication Services: Google -1.64%, Paramount -1.58%, Meta -1.27%.
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  • Stocks remain weaker but are paring losses in late morning trade. Currently, the DJIA is down 316.29 points (-0.82%) at 38123.36, S&P E-Minis down 18 points (-0.34%) at 5265.75, Nasdaq down 93.5 points (-0.6%) at 16826.3.
  • Leading gainers: Real Estate and Industrial sectors outperformed in the first half, real estate investment trusts, particularly industrial and health care REITs: Prologis +1.42%, Ventas +2.62%, Healthpeak Properties +2.06%.
  • Airfreight and logistics shares buoyed the Industrials sector: Expeditors Int +1.37%, FedEx +1.28%, JB Hunt +1.20%.
  • Meanwhile, Information Technology and Communication Services shares underperformed in the first half of trade, software and services weighing on the former: Salesforce hammered -20.58% after yesterday's earnings spurred multiple downgrades this morning, ServiceNow Inc -9.24%, Intuit -4.88%.
  • Interactive media and entertainment shares weighed on Communication Services: Google -1.64%, Paramount -1.58%, Meta -1.27%.