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Equity Roundup: Tesla Weighing on Consumer Discretionary Sector

US STOCKS

Stocks indexes trading weaker, inside relatively narrow ranges, SPX and Nasdaq underperforming DJIA. Consumer Discretionary and Energy sector shares weighing on SPX as crude prices fell over $4Bbl on on spurious production cut headlines earlier, bounced as Saudi Arabia denied the reports. SPX eminis currently trade -17 (-0.43%) at 3957.25; DJIA -3.34 (-0.01%) at 33744.34; Nasdaq -120.5 (-1.1%) at 11026.46.

  • SPX leading/lagging sectors: Consumer Discretionary (-1.68%) with auto shares under pressure - particularly Tesla (TSLA) -6.23%; Energy sector (-1.61%) as energy equipment makers/services lagged oil & gas drillers/refiner names.
    Leaders: Consumer Staples (+1.02%) , Industrials (+0.35%) and Health Care (+0.25%)
  • Dow Industrials Leaders/Laggers: Disney (DIS) +5.28 at 97.08, Home Depot (HD) +3.23 at 316.41, Amgen (AMGN) +2.42 at 289.71. Laggers: United Health (UNH) -9.93 at 519.07, Salesforce.Com (CRM) -3.55 at 144.49, Visa (V) -2.90 at 209.70.

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