November 11, 2022 18:01 GMT
Equity Roundup: DJIA Lagging Carry-Over Bid in SPX, NASDAQ
US STOCKS
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Stocks trading mixed, mostly adding to Thu's huge post-CPI relief rally, DJIA giving back slightly. SPX eminis currently trading +20 (0.5%) at 3980.75; DJIA -145.65 (-0.43%) at 33566.39; Nasdaq +145.9 (1.3%) at 11260.23.
- SPX leading/lagging sectors: Energy (+2.45%) and Communication Services (+2.12%) outperforming. Oil and gas shares leading the former: XOM +3.0%, Chevron +2.42%, ConocoPhillips +2.19%; while media and entertainment shares support the latter: WBD +10.0%, DIS +4.99%, NFLX +3.82%. Laggers: Health Care (-2.41%), Utilities (-2.02%) and Consumer Staples (-1.2%).
- Dow Industrials Leaders/Laggers: Nike (NKE) +5.52 at 105.01, Caterpillar (CAT) +4.60 at 237.05, Goldman Sachs (GS) +3.83 at 382.14. Laggers: United Health (UNH) - 33.41 at 510.76, Amgen (AMGN) -9.02 at 281.99, JNJ -6.16 at 168.31.
- S&P E-Minis rallied sharply higher Thursday and in the process cleared a key resistance at 3928.00, the Nov 1 high. The break of this hurdle strengthens a short-term bullish condition and price has established a sequence of higher highs and higher lows on the daily scale. This signals scope for gains towards 4023.44 next, a Fibonacci retracement.
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