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Equities Roundup: Weaker Ahead NFP, Chip Stocks Weighing

US STOCKS
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  • Stocks are trading mixed at midday, the DJIA off early highs while S&P Eminis and Nasdaq stocks trade a little weaker after climbing to new all-time highs yesterday. Currently, the DJIA is up 17.62 points (0.05%) at 38824.07, S&P E-Minis down 6 points (-0.11%) at 5359.75, Nasdaq down 23.3 points (-0.1%) at 17163.98.
  • Emini Price has traded above 5368.25, the May 23 high and bull trigger, the break confirms a resumption of the uptrend. A continuation higher would signal scope for a climb towards the 5400.00 handle next.
  • Consumer Staples and Consumer Discretionary sectors led gainers in the first half of trade, household and personal products shares supported the former: Procter & Gamble +1.14%, Colgate-Palmolive +0.66%, Estee Lauder +0.56%. Broadline retailers buoyed the Consumer Discretionary sectr: Etsy +2.10%, Amazon +1.14%, O'Reilly Automotive +1.12%
  • On the flipside, Utility and Information Technology sector shares underperformed: independent energy shares weighed on the former, Vistra -8.46%, Constellation Energy 3.84%, NRG energy -3.42%. Meanwhile, chip stocks unwound early week support, profit taking evident as Micron traded -2.65%, ON Semiconductor -2.44%, Nvidia -1.33%.
  • Meanwhile, notable earnings releases still to come this week: Vail Resorts and Docusign after today's close, Autodesk, Rubrik Inc, Casey's General Store, Oracle and GameStop tomorrow.
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  • Stocks are trading mixed at midday, the DJIA off early highs while S&P Eminis and Nasdaq stocks trade a little weaker after climbing to new all-time highs yesterday. Currently, the DJIA is up 17.62 points (0.05%) at 38824.07, S&P E-Minis down 6 points (-0.11%) at 5359.75, Nasdaq down 23.3 points (-0.1%) at 17163.98.
  • Emini Price has traded above 5368.25, the May 23 high and bull trigger, the break confirms a resumption of the uptrend. A continuation higher would signal scope for a climb towards the 5400.00 handle next.
  • Consumer Staples and Consumer Discretionary sectors led gainers in the first half of trade, household and personal products shares supported the former: Procter & Gamble +1.14%, Colgate-Palmolive +0.66%, Estee Lauder +0.56%. Broadline retailers buoyed the Consumer Discretionary sectr: Etsy +2.10%, Amazon +1.14%, O'Reilly Automotive +1.12%
  • On the flipside, Utility and Information Technology sector shares underperformed: independent energy shares weighed on the former, Vistra -8.46%, Constellation Energy 3.84%, NRG energy -3.42%. Meanwhile, chip stocks unwound early week support, profit taking evident as Micron traded -2.65%, ON Semiconductor -2.44%, Nvidia -1.33%.
  • Meanwhile, notable earnings releases still to come this week: Vail Resorts and Docusign after today's close, Autodesk, Rubrik Inc, Casey's General Store, Oracle and GameStop tomorrow.