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Equity Roundup: Strong IT Leads SPX Back to Mid-Sep Levels

US STOCKS

Stocks strong in midday trade - new highs for the week - back to mid-September levels. Strong rebound in Information Technology share underpinning SPX eminis currently trading +74.5 (1.95%) at 3894.75; DJIA +717.28 (2.24%) at 32755.8; Nasdaq +246 (2.3%) at 11041.46.

  • SPX leading/lagging sectors: IT (+4.23%) lead by strong performance for hardware makers (Intel +9.21%, Apple (APPL) +7.46%, AMD +5.97%); Utilities (+2.19%) and Communication Services (+2.12%) follow. Laggers: Consumer discretionary (-1.63%) weighed by on-line retailers: Amazon (AMZN) -10.22%, Etsy (-5.59%, Ebay -1.48%). Energy (+0.28%) and Materials (+0.67%) follow.
  • Dow Industrials Leaders/Laggers: Apple (APPL) +10.69 at 155.49, McDonalds (MCD) +8.63 at 273.74, United Health (UNH) +8.36 at 550.16. Laggers: Dow Inc -0.09, JP Morgan +0.38 at 124.98, Chevron (CVX) +0.63 at 178.53.

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