Equity Roundup: Modest Gains, Hold Above Key Support

Day after probing key support, stocks trading near session highs heading into midday, SPX emini futures ESM2 currently +23.25 points (0.56%) at 4134 vs. 4129.5 low.

• Downtrend remains despite the carry-over bounce off Mon's lows, fresh lows have reinforced underlying bearish conditions and yesterday’s move lower resulted in a probe of key support at 4094.25, the Feb 25 low. Next key support would be 4056.00 (Mon's low) followed by 4029.25 High May 13 2021. On the upside: firm short-term resistance is at 4303.5.
• Earning after the bell: Prudential Fncl (PRU), AIG, Air BNB (ABNB), Starbucks (SBUX), Advanced Micro Devices (AMD) to name a few.
• SPX leading/lagging sectors: Energy (+2.65) O&G shares outperforming energy equipment and servicers. Next up, Financials (+1.72%) with banks outpacing insurance and diversified shares.
  
• Laggers: Continued weakness for Consumer Discretionary (-0.34%) as hotels weigh on consumer services; autos outperforming (GM +4.04%, Borg Warner +3.16%).
  
• Meanwhile, Dow Industrials currently trades +125.49 points (0.38%) at 32992.29, Nasdaq +4 points (0%) at 12459.33.
• Dow Industrials Leaders/Laggers: Financials/insurers leading w/ Goldman Sachs (GS) +8.53 at 318.95, JPM +3.54 at 123.99, Travelers +2.83 at 172.92. Laggers: Nike (NKE) -3.09 at 122.99, Visa (V) -2.01 at 209.52.