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Equity Roundup: Communication Services, IT Underperforming

US STOCKS

Major indexes trading weaker but off early session lows, Communication Services and Information Technology sectors underperforming. SPX eminis currently trade -19.5 (-0.5%) at 3851; DJIA -145.14 (-0.44%) at 33073; Nasdaq -65.6 (-0.6%) at 10410.68.

  • SPX leading/lagging sectors: Paring gains from the previous session, Communication Services (-1.07%) and Information Technology (-1.03%) sectors underperformed, interactive media and services subsector weighing on the former w/ Google -1.62%, Meta -1.41%. Semiconductor makers weighed on IT: Micron (MU) -2.37%, Teradyne (TER) -1.54%, Nvidia -1.31%.
  • Leaders: Energy (+0.22%), Financials (-0.28%) and Utilities (-0.49%), energy sector making gains for second consecutive session.
  • Dow Industrials Leaders/Laggers: Chevron (CVA) +0.71 at 179.03, JPM +0.47 at 133.69, Boeing (BA) +0.36 at 189.27. Laggers: Home Depot (HD) -5.34 at 315.07, Microsoft (MSFT) -3.48 at 237.53, United Health (UNH) -3.19 at 526.69.

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