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Equity Roundup: Near Highs, Communication Services Outperforms

US STOCKS

Major indexes trade mostly higher, modestly weaker DJIA underperforming SPX eminis and Nasdaq. SPX eminis currently trades +60.5 (1.46%) at 4193; DJIA -102.01 (-0.3%) at 33993.18; Nasdaq +384.8 (3.3%) at 12201.41.

  • SPX leading/lagging sectors: Communication Services sector surged 6.37%, outpacing Consumer Discretionary (+3.59%) and Real Estate (+2.83%). Interactive media and services shares lead the rally, particularly Meta (formerly Facebook) +25.73%, followed by Google (+5.95%), Dish (+5.73%), Paramount (PARA) +5.08% and News Corp (NWS) +4.35%. Auto makers supported Consumer Discretionary for a third session w/ Tesla +7.03%, GM +6.41% and F +5.08%.
  • Laggers: Energy (-2.26%) weighed by O&G drillers, refiners and equipment servicers (COP -4.77%, SLB -4.74%, HAL -4.14%, HES -3.18%). Health Care (-1.13%) and Consumer Staples (-1.04%) followed.
  • Dow Industrials Leaders/Laggers: Rebounding from prior session sales Home Depot (HD) gained +11.65 tp 339.74, Microsoft (MSFT) +8.73 at 261.48, Goldman Sachs (GS) +6.54 at 372.25. Laggers: United Health (UNH) hammered: -26.75 at 470.25, AMGN -6.79 at 239.62, Merck (MRK) -5.04 at 101.94.
  • Earning after the close: AAPL($1.94 est), F ($.61 est), Google ($1.19 est), QCOM ($2.34 est), AMZN ($0.17 est), GILD ($1.50 est), SBUX ($0.77 est).
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