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Equity Roundup: Firmer Ahead Feb FOMC Minutes

US STOCKS

Stocks firmer at midday, off midmorning lows after META's comms director Andy Stone rebutted a Washington Post article saying META to lay off thousands of employees: WAPO "got this one wrong...how do you run a story with a headline/storyline that is contradicted by the reporting in the very same story?" SPX eminis currently trading +10 (0.25%) at 4015.5; DJIA +88.47 (0.27%) at 33218.45; Nasdaq +46.9 (0.4%) at 11539.48.

  • SPX leading/lagging sectors: Materials (+0.91%), Consumer Discretionary (+0.87%) and Utilities (+0.57%) sectors lead gainers.
  • Laggers: Real Estate (-0.26%), Energy (-0.10%) and Health Care (+0.12%), pharmaceuticals and bio-techs weighing on the latter, notably Charles River Labs (CRL) -14.17%.
  • Dow Industrials Leaders/Laggers: Home Depot (HD) bounced +4.46 at 299.96, American Express (AXP) +2.11 at 175.59, Salesforce (CRM) +1.96 at 163.58. Laggers: Walmart (WMT) -3.18 aty 144.15, IBM -.65 at 131.06, JPM -0.43 at 139.20.
  • Equity earnings continue after the close: Texas Pacific Land Corp (TPL, $14.29 est), Pioneer Natural Resources (PXD, $5.87 est), Etsy ($1.04 est), EBAY ($1.06 est), NVDA ($0.81 est).

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