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Equity Roundup: Interactive Media Weighing

US STOCKS

Major indexes trading weaker, extending lows at the moment with Communication Services sector weighing on the broader mkt. SPX eminis currently trades -47.75 (-1.14%) at 4128.25; DJIA -217.2 (-0.64%) at 33941.31; Nasdaq -194.9 (-1.6%) at 11918.72.

  • SPX leading/lagging sectors: Communication Services (-4.90%) weighing on broader markets, particularly interactive media and services w/ Alphabet shares, formerly Google (GOOG) trade -8.07%, apparently in negative reaction to AI "Bard" presentation in Paris this morning in comparison to Microsoft's BING AI. Other shares in the sector META -3.87%, MTCH -3.34%. Utilities -1.71%, Consumer Discretionary (-1.42%) paring back Tuesday gains.
  • Leaders: Health Care (-0.26%) lead by equipment/services shares (CVS +3.93%, HUM +2.26%, CNC +2.14%), Financials (-0.34%) and Real Estate (-0.56%) followed, insurance shares leading the former.
  • Dow Industrials Leaders/Laggers: Goldman Sachs (GS) +2.48 at 376.88, United Health (UNH) +2.14 at 479.02, Merck (MRK) +0.91 at 106.59. Laggers: Home Depot (HD) -4.56 at 320.64, Chevron (CVX) -3.61 at 170.48, and Honeywell (HON) -3.39 at 202.08.
  • Equity Earnings cycle continues after the close: AvalonBay Communities (AVP), Disney (DIS), Goodyear Tires (GT), Equifax (EFX), Monolithic Power (MPWR), International Flavors/Frags (IFF), Wynn Resorts (WYNN), MGM Resorts (MGM), O'Reilly Automotive (ORLY).

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