Equity Roundup: Sell-Off Abates, Bargain Shopping

See-sawing in weaker territory, but off lows at midmorning. Brief respite as supply shocks and operation costs have hit large retailers: Kohl's -11.0% after earnings miss/profit guidance cut pre-open has bounced back to near steady at 43.0.

• Earnings after the close: Ross Stores (RSS) and Applied Materials (AMAT). Nevertheless, some out shopping for bargains: Amazon (AMZN) +1.11%, Booking (BKNG) +2.01%, Expedia (EXPE) +4.37% atg the moment
• SPX emini futures currently -20.0 (-0.51%) at 3903.0, Dow Industrials -301.16 (-0.96%) at 31186.19, Nasdaq +50 (0.4%) at 11466.3.
• Wed's reversal lower signals a potential resumption of the primary downtrend and attention is on support and bear trigger at 3855.00, May 12 low. A break would resume the downtrend and open 3843.25, the Mar 25 2021 low (cont). Clearance of 4099.00 is required to ease the bearish threat.
  
• SPX leading/lagging sectors: Consumer Discretionary (+0.81%) as retailers and auto shares bounce. Communication Services (+0.20%) and Materials (+0.11%) follow. Laggers: Consumer Staples (-2.24%) remain week as food, alcohol and tobacco retailers underperform. Industrials (-1.79%) as road and rail names under pressure.
  
• Dow Industrials Leaders/Laggers: small bounce for Home Depot (HD) after Wed's sell-off, currently +3.08 at 288.26, Microsoft (MSFT) +1.04 at 255.15.
  
• Laggers: Cisco -6.67 at 41.69, Travelers Ins (TRV) -5.69 at 168.63. Caterpillar (CAT) -4.96 at 202.98.