February 07, 2023 17:25 GMT
Equity Roundup: DOW Trades Weaker Ahead Powell
US STOCKS
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Major indexes trading mixed SPX and Nasdaq outperforming DJIA at the moment. SPX eminis currently trades +1.5 (+0.01%) at 4124; DJIA -79.24 s (-0.23%) at 33809.81; Nasdaq +23.9 (0.2%) at 11910.34. Generally narrow ranges as mkts await Fed Chairman Powell interview at Economic Club, DC at 1240ET
- SPX leading/lagging sectors: Energy (+1.89%) outperforms as crude prices climb over $2.5bbl (WTO at 76.70), O&G shares leading (MPC +3.81%, VLO +3.68%, OXY +2.75%, PSX +2.60%). Information Technology (+1.0%) and Communication Services (+0.82%) follow, the former lead by semiconductor shares (SWKS +8.14%, ON %3.08%, NVDA +2.8%).
- Laggers: Consumer Discretionary (-1.31%) weighed by internet and direct marketing retail names (AMZN -2.43%, ETSY -1.55%). Consumer Staples (-1.05%) and Real Estate (-0.94%) follow, the latter weighed by specialized REITs.
- Dow Industrials Leaders/Laggers: Microsoft (MSFT) +7.48 at 264.25, Boeing (BA) +3.61 at 210.42, Chevron (CVX) +2.73 at 172.37. Laggers: Home Depot (HD) -6.31 at 322.96, United Health (UNH) -3.93 at 471.31, McDonalds (MCD) -2.93 at 264.99.
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