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Equity Roundup: Higher but Off Post-CPI Levels, Utilities Leading


Stocks continue to gain after the open, S&P extending past early overnight highs lead by Utilities and IT sectors. SPX eminis currently trade +22.25 (0.55%) at 4078.25; DJIA +134.07 (0.39%) at 34245.22; Nasdaq +65.3 (0.6%) at 11323.78.

  • SPX leading/lagging sectors: Utilities (+1.04%) outperform w/ shares of NextEra Energy (NEE) +1.18%), Duke Energy (DUK) +1.15% and Eversource (ES) +1.06%. Information Technology and Health Care sectors floow, the former lead by software/services stocks: Ansys (ANSS) +2.06%, SolarEdge (SEDG) +1.81% and Fortinet (FTNT) +1.46%.
    • Laggers: Communication Services and Materials sectors both -0.25%, weighing on the latter were shares of Martin Marietta Materials (MLM) -2.13% and Vulcan Materials (VMC) -1.52%.
  • Dow Industrials Leaders/Laggers: Home Depot (HD) gained another +3.51 to 336.40, United Health (UNH) bounced 3.22 at 541.44 after trading more than $8.0 lower Tue.
    • Laggers: Goldman Sach (GS) -1.95 at 366.74, Amgen (AMGN) -0.57 at 271.69, American Express (AXP) -0.30 at 157.22.

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