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Equities Roundup: S&P Eminis Climb to New Month Highs

US STOCKS
  • Stocks are climbing higher ahead midday, Energy and Communication Services helping S&P Eminis reach best levels since July 23. Currently, S&P E-Minis are up 19 points (0.34%) at 5597, Nasdaq up 49.8 points (0.3%) at 17681.23, DJIA up 149.9 points (0.37%) at 40808.91.
  • Energy and Communication Services sector led gainers in the first half, O&G as well as servicer shares buoyed the former: EQT Corp +4.45%, Haliburton +1.86%, Schlumberger +1.63%. Interactive media and entertainment supported the Communication Services: Match Group +3.55%, Google +1.49%, Comcast +1.39%.
  • Conversely, Information Technology and Industrial sectors underperformed in the first half. Hardware makers weighed on IT: HP Inc -3.31%, Arista -1.71%, CDW -1.34%. Fastenal -1.05%, Deere -0.77% and Eaton -0.59% weighed on the Industrials sector.
  • Late cycle corporate earnings expected this week: Lowe's and Toll Brothers Inc on Tuesday; Analog Devices, Target Corp, Macy's Inc, TJX, Urban Outfitters, Agilent Technologies, Synopsys, Snowflake and Zoom Video Communications Wednesday; Peloton, Advance Auto Parts, Williams-Sonoma, Ross Stores and Intuit on Thursday; Dollar Tree and Veradigm Inc on Friday.

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