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Equity Roundup: Off Post-CPI Highs, Energy Sector Leading


Stocks trading firmer at midday, but well off post-CPI gap bid where SPX eminis had surged over 100.0 higher after the lower than expected Nov CPI (0.1% vs. 0.3% est, core 0.2%) buoyed early risk appetite. SPX eminis currently trade +30.5 (0.76%) at 4054; DJIA +114.33 (0.34%) at 34108.19; Nasdaq +112 (1%) at 11252.52.

  • SPX leading/lagging sectors: Energy (+2.12%) lead by equipment and services outperforming O&G (SLB +3.32%, BKR +3.19%, HAL +3.01%). Communication Services (+1.74%) and Real Estate (+1.58%) followed, interactive media underpinning the former w/ Match Grp +4.85%, Meta +3.73%. Laggers: Consumer Staples (-0.21%), Utilities (-0.06%) and Consumer Discretionary (+0.01%), auto makers continue to weigh on the latter w/ Tesla -4.43%.
  • Dow Industrials Leaders/Laggers: Goldman Sachs (GS) +4.49 at 367.67, Chevron (CVX) +3.33 at 173.08, Home Depot (HD) +3.01 at 330.99. Laggers: United Health (UNH) -8.16 at 537.70, Amgen (AMGN) -4.44 at 272.34, McDonalds (MCD) -2.12 at 274.50.

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