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Equity Roundup: Energy and Materials Outperform

US STOCKS

Major indexes making modest gains in late trade, near midmorning highs with Energy and Materials sectors outperforming. SPX eminis currently trade +7 (0.18%) at 3852.25; DJIA +114.98 (0.35%) at 32871.18; Nasdaq +3.5 (0%) at 10549.28.

  • SPX leading/lagging sectors: Energy sector lead for the second day (+1.57%) partially tied to firmer crude prices (WTI +0.83 at 76.02) w/ equipment and servicer stocks (SLB +3.43%, HAL +3.11%, BKR +3.06%) outpacing O&G refiners. Materials up next (+0.78%) with metals/mining shares outperforming: Newmont Corp (NEM) +5.18%.
  • Laggers: Consumer Discretionary (-0.83%), Real Estate (-0.09%) and Health Care (+0.09%) sectors underperformed in late trade. Consumer Discretionary weighed by autos, particularly Tesla (-5.83%).
  • Dow Industrials Leaders/Laggers: Boeing (BA) +3.31 at 188.99, Caterpillar (CAT) +2.67 at 234.96, Honeywell (HON) +2.55 at 211.96.
  • Laggers: Home Depot (HD) -1.77 at 315.56, United Health (UNH) -1.00 at 522.60, MMM -0.60 at 121.53.

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