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Equity Roundup: Comm. Services, Cons. Discretionary, IT Weighing

US STOCKS

US stock indexes resume sell-off after the open, Communication Services, Consumer Discretionary, IT and Financial sectors all underperforming. SPX eminis currently trade -34 (-0.85%) at 3970.75; DJIA -127.72 (-0.38%) at 33824.4; Nasdaq -140.9 (-1.3%) at 11101.64.

  • SPX leading/lagging sectors: Communication Services (-1.90%) weighed by interactive media shares such as Meta, formally Facebook (META) -5.32%, Google (-1.49%), followed by Consumer Discretionary and Information Technology sectors both appr -1.30%, former weighed by continued weakness in autos (TSLA -3.65%), the latter be semiconductor stocks (ENPH -6.58%, AMD -4.06%. Leaders: Utilities for a second day (+0.14%), Health Care (-0.16%) and Consumer Staples (-0.10%) sectors outperformed.
  • Dow Industrials Leaders/Laggers: United Health (UNH) +5.18 at 540.19, Travelers Ins (TRV) +1.74 at 188.95 and Amgen (AMGN) +1.31 at 286.22.
    Laggers: Carry-over selling in Goldman Sachs (GS) -7.29 at 364.24 w/ banks, financial shares generally weaker, Visa (V) -4.53 at 209.15, Boeing paring Mon gains (BA) -3.92 at 181.18 - profit taking after reports United Airlines looking to buy dozens of new 787 Dreamliners.

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