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Equities Roundup: Real Estate, Materials Sectors Outperforming

US STOCKS
  • Stocks are trading mixed ahead midday, SPX Eminis near the middle of a narrow session range with Real Estate and Materials sectors outperforming. Currently, the DJIA is up 63.25 points (0.16%) at 38453.35, S&P E-Minis up 2 points (0.04%) at 4966.25, Nasdaq down 17.9 points (-0.1%) at 15586.87.
  • Leading gainers: Estate management shares supported the Real Estate sector in the first half: CoStar Group +1.63%, CBRE +0.94%. Recovering from weaker Monday trade, chemicals and mining stocks buoyed the Materials sector in the first half: Dupont +5.98%, Linde PLC +3.49%, Albemarle +2.30%, Freeport-McMoRan +2.43%.
  • Laggers: Information Technology and Financial sectors underperformed in the first half, chip stocks paring Monday gains: AMD -3.29%, Nvidia -2.48%, Monolithic Power -2.26%. Meanwhile, financial services shares weighed on the latter: Fiserv Inc -3.68%, FleetCor -1.58%, Fidelity National Information -1.52%.
  • On a side note, NY Community Bank fell an additional 12%, adding to -11% decline on Monday. KBW Nasdaq regional bank index traded near steady at 93.54.
  • Looking ahead: corporate earnings expected after the close: Chipolte, Fortinet, Cognizant Technologies, Snap Inc, Gilead Sciences, Carlisle, Enphase Energy, Amgen, Ford, Prudential Fncl.

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