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Equity Roundup: Strong Data Weighing on IT, Consumer Discretionary

US STOCKS

Stock indexes trading broadly weaker at midday, extending session lows after better than expected Sep NFP data underscored Fed's likely hawkish forward policy path.
Information Technology, Consumer Discretionary and Communication Services underperforming. Currently, SPX eminis trade -96.75 (-2.58%) at 3660.25; DJIA -575.7 (-1.92%) at 29353.99; Nasdaq -389.9 (-3.5%) at 10683.96.

  • SPX leading/lagging sectors: Energy sector shares outperforming (+0.38%) oil/gas names doing well as crude jumped higher in the first half (WTI +3.89 at 92.34). Consumer Staples (-1.34%) and Health Care (-1.91%) sectors followed. Laggers: Information Technology (-4.01%) as semiconductors, hardware makers, software and services reversed prior session gains, Consumer Discretionary (-3.86%) and Communication Services (-2.65%) next up, auto makers weighing on the latter, Tesla -6.09%.
  • Dow Industrials Leaders/Laggers: Chevron (CVX) adds to Thu's gains +1.11 at 162.53, Merck (MRK) +0.48 at 87.92, Amgen (AMGN) -0.11 at 230.83. Laggers: United Health (UNH) -13.73 at 505.40, Microsoft (MSFT) -12.02 at 234.77, Home Depot (HD) -6.97 at 283.42.

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