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Equity Roundup: Late Morning Reversal

US STOCKS

Major indexes reverse off recent session highs in the last few minutes, no obvious headline driver as support in Tsys eases slightly as well. Consumer Staples sector leads laggers while Financials weaker after PNC and Charles Schwab each missed earning est this morning. SPX eminis currently trades -8.5 (-0.21%) at 4001.25; DJIA -181.16 (-0.53%) at 33731.76; Nasdaq - 0.8 (0%) at 11095.94.

  • SPX leading/lagging sectors: Consumer Staples (-1.49%) lead by weaker food, beverage and tobacco shares; Utilities (-0.55%) and Financials (-0.45%) follow.
    Leaders: Energy (+1.25%), Materials (+0.38%) and Consumer Discretionary (0.31%) still outperforming, internet and direct marketing names supporting the latter AMZN +1.87%, ETSY +1.04%.
  • Dow Industrials Leaders/Laggers: Home Depot (HD) +3.36 at 330.89, after heavy sell-off Tuesday - Goldman Sachs bounces +2.17 to 352.09, Caterpillar (CAT) +2.42 at 258.68. Laggers: Honeywell (HON) 5.44 at 206.80, United Health (UNH) -3.89 at 481.19, McDonalds (MCD) -3.27 at 270.84.

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