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Equity Roundup: Autos Weighed by Tesla; Salesforce Surges

US STOCKS

Stocks mixed, higher Dow components outperforming SPX and Nasdaq indexes - while both inching off lows in late morning trade. SPX eminis currently trading -8.75 (-0.22%) at 3947.5; DJIA +116.63 (0.36%) at 32778.29; Nasdaq -58 (-0.5%) at 11321.15.

  • SPX leading/lagging sectors: Consumer Discretionary (-1.16%) weighed by automakers, in particular Tesla -6.22% after poor response to "Investor Day", while parts maker APTV -2.43%. Financials come in second (-1.00%), banks weighing (SBNY -5.45%, ZION -3.43%, SIVB -3.22%, Key -2.75%).
  • Leaders: Consumer Staples (+0.76%), Utilities (+0.53%) and Materials (+0.35%) outperformed in the first half, household goods makers buoying the former (CLX +1.26%, PG +1.23%), CHD +1.18%).
  • Dow Industrials Leaders/Laggers: Salesforce (CRM) surges +21.49 to 188.84 on better than expected earnings and beating guidance late Wed; McDonalds (MCD) +3.04at 265.76, PG +1.71 at 139.37. Laggers: JPM -2.14 at 140.40, American Express (AXP) -1.66at 174.25, Amgen -1.42 at 134.77.

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