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Equity Roundup: IT Continues To Underperform

US STOCKS

Stock indexes trading weaker, near lows ahead midday, Information Technology and Energy sectors underperforming. Currently, SPX eminis trade -25.25 (-0.69%) at 3627.25; DJIA -86.18 (-0.29%) at 29206.83; Nasdaq -109.2 (-1%) at 10541.8.

  • SPX leading/lagging sectors: Carry-over weakness in Information Technology (-1.55%) as semiconductor makers feel pressure from Pres Biden's new export measures to China (ON Semiconductor -7.62%). Energy (-1.50%) and Health Care sectors follow. Leaders: Utilities (+0.66%) w/gas, electric and independent power names equally performing, Industrials (+0.41%) and Materials (+0.25%).
  • Dow Industrials Leaders/Laggers: Merck (MRK) +2.99 at 90.59, Boeing (BA) +2.39 at 132.18 and McDonalds (MCD) +2.21 at 235.40. Laggers: United Health (UNH) -8.73 at 496.00, Microsoft (MSFT) -5.10 at 229.14, Salesforce Inc (CRM) -4.40 at 145.89

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