January 25, 2023 17:04 GMT
Equity Roundup: IT, Utilities Underperforming
US STOCKS
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Major indexes still weaker but off midmorning lows ahead midday, Utilities and Information Technology sectors underperforming. SPX eminis currently trades -32.5 (-0.81%) at 3999.75; DJIA -205.86 (-0.61%) at 33528.49; Nasdaq -127.5 (-1.1%) at 11206.32.
- SPX leading/lagging sectors: Utilities underperforming (-1.71%) specifically electrical: NextEra Energy: NEE -8.27% despite reporting better than expected profit/rev's, though bottom line disappointed. Information Technology next up (-1.2%) early wk bid sapped after MSFT reported late Tue: growth slowed in Dec, lackluster guidance. Laggers included CDAY -5.27%, ENPH -5.02, ADP -4.27%, SEDG -4.03%.
- Leaders: Financials sector holds steady w/ insurance and banks outperforming diversified financials (USB +6.32%, WFC +0.81%, CFG +0.55%). Real Estate next up (-0.30%), hotel and resort REITs supporting.
- Dow Industrials Leaders/Laggers: McDonalds (MCD) +0.79 at 270.35, Merck (MRK) +0.62 at 19.14, WBA +0.12 at 36.02. Laggers: Boeing (BA) -4.88 at 207.10, Chevron (CVX) -3.19 at 177.64, Microsoft (MSFT) -3.00 at 239.04.
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