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Equities Roundup: Oil & Gas, Metals & Mining Shares Underperforming

US STOCKS
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  • Stocks are off early session lows, drifting in mildly weaker territory ahead midday, Materials and Energy sector shares underperforming. Currently, the DJIA is down 37.45 points (-0.1%) at 38531.44, S&P E-Minis down 21.75 points (-0.41%) at 5275.75, Nasdaq down 68.5 points (-0.4%) at 16760.12.
  • Energy and Material sectors underperformed underperformed for the second day running, oil and gas equipment and services shares weighing on the former as crude prices remained weak (WTI -0.68 at 73.54) after reports OPEC+ planned to restore output yesterday coupled with slow-down in demand. Diamondback Energy and Exxon Mobil were both -2.05%, Coterra -1.88%, Haliburton -1.76%. Metals and mining shares weighed on Materials as gold prices fell over $24: Freeport-McMoRan -5.69%, Newmont -3.70%, FMC Corp -3.63%.
  • On the flipside, Real Estate and Consumer Staples sectors outperformed in the first half, industrial and specialized investment trusts buoyed the former: Public Storage +2.66%, Extra Space Storage +2.35%, Equinix +1.85%. Meanwhile, household and personal product makers supported the Consumer Staples sector: Kimberly-Clark +1.79%, Colgate-Palmolive +1.22%, Clorox +0.98%.
  • Still some notable earnings releases this week: Crowdstrike and Hewlett Packard after today's close, Dollar Tree, Campbell Soup, Five Below Inc, Victoria Secret, Toro, Vail Resorts and Docusign later in the week.

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  • Stocks are off early session lows, drifting in mildly weaker territory ahead midday, Materials and Energy sector shares underperforming. Currently, the DJIA is down 37.45 points (-0.1%) at 38531.44, S&P E-Minis down 21.75 points (-0.41%) at 5275.75, Nasdaq down 68.5 points (-0.4%) at 16760.12.
  • Energy and Material sectors underperformed underperformed for the second day running, oil and gas equipment and services shares weighing on the former as crude prices remained weak (WTI -0.68 at 73.54) after reports OPEC+ planned to restore output yesterday coupled with slow-down in demand. Diamondback Energy and Exxon Mobil were both -2.05%, Coterra -1.88%, Haliburton -1.76%. Metals and mining shares weighed on Materials as gold prices fell over $24: Freeport-McMoRan -5.69%, Newmont -3.70%, FMC Corp -3.63%.
  • On the flipside, Real Estate and Consumer Staples sectors outperformed in the first half, industrial and specialized investment trusts buoyed the former: Public Storage +2.66%, Extra Space Storage +2.35%, Equinix +1.85%. Meanwhile, household and personal product makers supported the Consumer Staples sector: Kimberly-Clark +1.79%, Colgate-Palmolive +1.22%, Clorox +0.98%.
  • Still some notable earnings releases this week: Crowdstrike and Hewlett Packard after today's close, Dollar Tree, Campbell Soup, Five Below Inc, Victoria Secret, Toro, Vail Resorts and Docusign later in the week.