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Equities Roundup: Real Estate, Utilities, Financial Sectors Gaining

US STOCKS
  • Stocks are trading mildly higher at the moment, off early session lows as accounts add to yesterday's gains ahead Wednesday's FOMC policy annc. Currently, DJIA is currently up 31.76 points (0.1%) at 32962.03, S&P E-Mini futures up 11.75 points (0.28%) at 4197.5, Nasdaq up 10.4 points (0.1%) at 12799.55.
  • Leaders: Real Estate, Utilities and Financial sectors outperforming, management and development shares supporting the former: CBRE Group +3.64%, CoStar Group +1.62%. Natural gas stocks buoyed the Utility sector with Public Service Enterprise +2.05%, NextEra +1.69&, Atmos Energy +1.1%. Meanwhile, bank and insurance names buoyed the Financial sector: Arch Capital +4.75%, Zions Bancorp +1.97%, Regions Financial +1.69% while Allstate gained 1.68%.
  • Laggers: Communication Services, Energy and Health Care sectors underperformed in the first half, telecom and media/entertainment shares buoying the former: Google -1.1%, Meta and Netflix -0.5%. Energy equipment servicer shares weighed on the Energy sector: Baker Hughes -1.46%, Schlumberger -0.97%, Halliburton -0.38%. Meanwhile, bitech and pharmaceutical shares weighed on the Health Care sector: Catalent Inc down a whopping 17.28% after delaying its Q1 results to mid-November, Amgen -3.43%, Bio-Techne -3.23%.

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