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Equity Roundup, Dow Components Leading

US STOCKS

Stocks kick off March mildly mixed (DJIA bouncing), inside relatively narrow range as opposed to the sharp post-data sell-off in Tsys as rate hikes get priced in (terminal at 5.455% in Oct'23 vs. 5.50% earlier high). SPX eminis currently trading -8.25 (-0.21%) at 3967.75; DJIA +69.11 (0.21%) at 32726.79; Nasdaq -40.6 (-0.4%) at 11414.98.

  • SPX leading/lagging sectors: Real Estate (-1.87%) reversed prior session gains as office, health care and residential REITS underperformed, Utilities (-1.77%) weighed by multi- and gas utility shares (CMS -3.22%, DTE -3.11%, PEG -2.88%)
  • Leaders: Energy (+1.73%) and Materials (+1.30%) outperformed in the first half, energy equipment and services buoyed the former (SLB +3.29%, HAL +2.82%) while metals and mining shares supported the latter (FCX +4.71%, NUE +2.24%, STLD +1.85%).
  • Dow Industrials Leaders/Laggers: Caterpillar (CAT) +7.30 at 246.85, MMM +3.35 at 111.09, Honeywell (HON) +1.82 at 193.30. Laggers: Home Depot (HD) -6.29 at 290.25, Visa (V) -2.63at 217.31, Goldman Sachs (GS) -2.59 at 349.06.

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