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Equity Roundup: Modest Rebound

US STOCKS

Stocks firmer/off highs ahead midday, pared gains following strong pending home sales data. early bounce followed mixed durables/cap-goods data, Consumer Discretionary and Industrials sectors outperforming. SPX eminis currently trading +19.25 (0.48%) at 3994.25; DJIA +89.04 (0.27%) at 32900.98; Nasdaq +86.4 (0.8%) at 11479.14.

  • SPX leading/lagging sectors: Consumer Discretionary (+1.3%) buoyed by automakers and component mfgs (TSLA +3.89%, F +2.1%, GM +1.0%). Industrials (+1.20) next up, lead by road and rail shares (UNP +9.45, ODFL +1.4%).
  • Laggers: Health Care (+0.20%), Consumer Staples (+0.29%) and Energy (+0.39%), the former underperforming as pharmaceuticals and bio-tech shares lagged (PFE -1.05%, MRNA -0.70%, LLY -.50%).
  • Dow Industrials Leaders/Laggers: Boeing (BA) bounces +4.21 to 202.36 after heavy sell-off last Fri, Caterpillar (CAT) +3.78 at 239.95, United Health (UNH) +2.61 at 486.94. Laggers: Merck (MRK) -0.64 at 109.25, DOW -0.56 at 57.23, Intel +0.04 at 25.18.
  • Earnings cycle starts to wind down next week, Occidental Petroleum after Mon's close (OXY 1.79 est), Advanced Auto Parts (AAP $2.42) and AutoZone (AZO $21.74) early Tuesday.

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