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Equity Roundup, Risk-On Support On Dec Hike Speculation

Stocks continue to extend gains, early risk-on support following the WSJ article speculating over currently priced 75bp hike in Dec (also spurring strong bid short end Tsys).
  • At the moment, Energy, Materials and Financial shares leading move in SPX eminis currently trading +40.25 (1.1%) at 3718; DJIA +361.92 (1.19%) at 30700.58; Nasdaq +84.8 (0.8%) at 10704.24.
  • SPX leading/lagging sectors: Energy (+2.03%) w/equipment and servicers outperforming oil and gas, Materials (+1.87%) lead by mining styocks, and Financials (+1.45%) with banks outperforming. Laggers: Communication Services (-0.23%) weigherd by Verizon (VZ) -4.07% despite beating earnings est this morning ($1.32 vs $1.284 est), Twitter (TWTR -3.92% and META -2.20%.
  • Dow Industrials Leaders/Laggers: United Health (UNH) +8.97 at 529.85, Goldman Sachs (GS) +6.33 at 317.14, JPM +3.70 at 119.83. Laggers: American Express (AXP) -6.83 at 135.59, Verizon (VZ) -1.50 at 35.50, Intel (INTC) +0.44at 26.52.

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