February 01, 2023 16:16 GMT
Equity Roundup: Trimming Gains Ahead FOMC
US STOCKS
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Major indexes reverse early session gains, trading modestly weaker - extending session lows at the moment w/ Energy and Consumer Discretionary sectors underperforming. SPX eminis currently trades -19 (-0.46%) at 4071.25; DJIA -323.16 (-0.95%) at 33763; Nasdaq -43.7 (-0.4%) at 11541.08.
- SPX leading/lagging sectors: Trimming gains after massive earnings wins this week, Energy (-1.56%) weighed by O&G/Consumables subsector shares (COP -2.67%, APA -2.60%, HES -2.06%). Consumer Discretionary (-1.0%) also paring strong gains from prior session w/ auto makers and internet/direct marketing shares lower (ETSY -1.8%, AMZN -1.3%, EBAY -1.2%).
- Leaders: Health Care (-0.14%,) has equipment and supply shares leading (SYK +7.17%, EW +3.50%). Next up: Information Technology (-0.24%) lead by semiconductors (AMD +6.68%) and Consumer Staples (-0.23%).
- Dow Industrials Leaders/Laggers: Boeing (BA) +1.65 at 214.65, Verizon (VZ) and JNJ near steady at 41.60 at 163.45 respectively. Laggers: Amgen (AMGN) -9.79 at 242.61, Travelers (TRV) -6.89 at 184.23, Home Depot (HD) -6.0 at 318.17.
- Earning after the close: Allstate (ALL; -$1.36 est), Murphy USA (MUSA; $6.36 est); MetLife (MET; $1.64 est), META ($2.26 est), McKesson (MCK; $6.35 est),
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