January 16, 2025 17:33 GMT
US STOCKS: Equities Roundup: Off Morning Lows, Energy & REITs Gaining
US STOCKS
- Stocks have see-sawed off mid-morning lows Thursday, the DJIA and SPX Eminis outperforming moderately weaker Nasdaq stocks. Currently, the DJIA is up 33.56 points (0.08%) at 43257.67, S&P E-Minis up 8.25 points (0.14%) at 5997.75, Nasdaq down 32.8 points (-0.2%) at 19480.11.
- Utility and Real Estate sectors led gainers at midday, independent power and electricity providers supporting the former: Constellation Energy +5.01%, Vistra +4.30%, NiSource +2.82%. Estate management shares, particularly specialized and industrial REITs supported the Real Estate sector: Iron Mountain +3.33%, American Tower +3.19%, Crown Castle +2.71%.
- On the flipside, Consumer Discretionary and Communication Services sector underperformed as accounts took profits following gains over the last couple sessions. Autos weighed on the discretionary sector with Tesla -3.45%, BorgWarner -1.30%, AutoZone -0.91%. Warner Brothers -1.63%, Electronic Arts -0.97% and Meta --0.84% weighed on the Communication Services sector.
- Meanwhile, corporate earnings resume Friday with JB Hunt Transportation, Citizens Financial, Truist Financial, Huntington Bancshares, Fastenal, Schlumberger and State Street Corp announcing before the open.
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