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Equity Roundup: Weaker, Consumer Discretionary Weighing


Stocks trade moderately weaker, near midmorning lows amid light position squaring ahead today's FOMC policy annc at 1400ET, Chairman Powell presser at 1430ET.
Consumer Discretionary and Communication Services sectors weighing on SPX, currently trading -18 (-0.47%) at 3847.5; DJIA -34.44 (-0.11%) at 32617.48; Nasdaq -102 (-0.9%) at 10788.72.

  • SPX leading/lagging sectors: Laggers: Consumer Discretionary (-1.00%) weighed by automakers (Tesla -1.69%); Communication Services (0.96%) and Information Technology follow - media & entertainment weighing on the former (Paramount -11.22%, Warner Bros -3.07%, META -2.44% and Netflix -2.07%). Leaders: Utilities (+0.23%) and Industrials (+0.13%), Entergy (ETR) +1.68%, Consolidated Edison (ED) +1.19%.
  • Dow Industrials Leaders/Laggers: Boeing (BA) outperforming +6.54 at 149.92, United Health (UNH) bounces +2.15 at 549.46 after trading broadly weaker Tue. Laggers: (CRM) -6.11 at 153.71, Microsoft (MSFT) -3.03 at 225.14, Visa (V) -2.51 at 204.42.

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