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Equity Roundup: Stronger Retail Sales Weighs on Yr-End Step-Down

US STOCKS

Stocks reversed early gains after stronger Retail Sales (+1.3% vs. 1.0% est, ex-auto +1.3% vs. 0.5% est) tempered yr-end "step-down" pricing. Near session lows in the second half, Energy and Information Technology sectors underperforming. SPX eminis currently trading -30.5 (-0.76%) at 3969; DJIA -38.95 (-0.12%) at 33552.36; Nasdaq 160.5 (-1.4%) at 11197.07.

  • SPX leading/lagging sectors: Energy (-2.22%) underperformed w/ energy equipment and equipment servicers lagging oil and gas shares (MRO -4.74%, FANG -4.03%, VLO -3.60%). Information Technology (-1.33%) followed as semiconductors reversed prior session gains (Micron -7.22%, AMD -5.02%, AMAT -4.88%). Leaders: Utilities (+0.91%),Consumer Staples (+0.44%) and Health Care (-0.03%).
  • Dow Industrials Leaders/Laggers: United Health (UNH) +7.54 at 510.55, McDonalds (MCD) +5.16 at 273.00 and Home Depot (HD) +2.65 at 314.58. Laggers: Salesforce.Com (CRM) -6.14 at 155.93, Chevron (CVX) -3.34 at 184.71, Caterpillar (CAT) -2.47 at 232.12.

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