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Equities Roundup: Paring Gains, Energy, Real Estate Shares Outperform

US STOCKS
  • Stocks hold marginal gains, near the low end of a surprisingly narrow session range -- while US rate continue to extend gains following Wednesday's dovish FOMC pivot. Currently, DJIA trades up 70.43 points (0.19%) at 37161.24, S&P E-Mini future up 11 points (0.23%) at 4771.75, Nasdaq up 20.6 points (0.1%) at 14755.12.
  • Leading gainers: Energy and Real Estate sectors led gainers in the first half, energy and equipment service shares buoyed the former as crude prices bounce (WTI +2.5 at 71.97): Schlumberger +5.29%, Halliburton +3.37%, Baker Hughes +3.11%. Real Estate management and service shares supported the latter: CBRE Group +5.13%, CoStar Group +2.93%.
  • Laggers: Consumer Staples and Communication Services sectors underperformed in the first half, household products weighed on the former: Clorox -2.63%, Church and Dwight -1.83%, Kimberly-Clark -1.30%. Interactive media and entertainment shares weighed on Communication Service: Netflix -2.14% while Google slipped 1.45%. On the flipside, Warner Bros surged +5.85%, Paramount +5.7%.
  • A bullish theme in S&P e-minis remains intact and the contract traded sharply higher yesterday. Price is firmer again today and confirms a resumption of the uptrend that started Oct 27. Note too that the contract has cleared resistance at 4738.50, the Jul 27 high, reinforcing current positive trend conditions. This signals scope for a climb towards 4800.00 next. On the downside, initial firm support lies at 4617.32, the 20-day EMA.

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