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Equity Roundup: Autos Make Strong Comeback

US STOCKS

While Tsys have scaled back early session highs, equity markets continue to trade strong in the aftermath of the UK mini-budget u-turn announced this morning, Consumer Discretionary and Real Estate sectors leading the rally. Currently, SPX eminis trade +85.75 (2.38%) at 3683.5; DJIA +493.65 (1.67%) at 30131.9; Nasdaq +329.2 (3.2%) at 10650.58.

  • SPX leading/lagging sectors: Consumer Discretionary (+4.07%) followed closely by Real Estate (+4.01%) lead the rally, auto-makers outperforming w/ Tesla (+6.8%) bouncing back from heavy selling last Friday. Laggers: Consumer Staples (+1.36%), Health Care (+1.58%) and Energy (+1.61%) underperformed.
  • Dow Industrials Leaders/Laggers: Microsoft (MSFT) more than makes up for Fri's sell-off , trades +7.92 at 236.48; Goldman Sachs (GS) announces earnings tomorrow +5.74 at 305.73; Salesforce.com (CRM) +5.50 at 147.72. Laggers: Dow Inc (+0.13) at 45.25; Amgen (AMGN) +0.32 at 251.66, Intel (INTC) +0.41 at 26.32.

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