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US STOCKS: Inside Ranges Ahead Weekend: Utilities Outperforming

US STOCKS
USEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • Stocks are back near the middle of the early Friday session range, SPX and Nasdaq posting modest gains after reversing higher prices on the open. At the moment, the DJIA trades down 55.74 points (-0.13%) at 44507.85, S&P E-Minis up 4.75 points (0.08%) at 6156.75, Nasdaq up 14.6 points (0.1%) at 20071.74.
  • Utility and Communication Services sectors outperformed in the first half, electricity and multi-energy providers supporting the former: NextEra Energy Inc +5.26%, AES Corp +2.04%, Southern Co+1.42% and PG&E Corp +1.39%.
  • Meanwhile, leading gainers in the Communication Services sector Match Group +2.24%, Interpublic Group and Walt Disney Co both up 1.77% while Verizon Communications gained 1.45%.
  • Conversely, Energy and Information Technology sectors underperformed in the first half, oil and gas shares weighing on the Energy sector: Texas Pacific Land Corp-1.80%, Diamondback Energy -1.61% while Devon Energy Corp and EOG Resources Inc both declined -1.36%.
  • The tech sector lagged as semiconductor makers continued to draw profit taking sales after posting strong midweek gains: Texas Instruments -6.28%, Microchip Technology -5.10%, Analog Devices Inc-3.30%, NXP Semiconductor-2.53% while First Solar Inc declined 2.10%.
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  • Stocks are back near the middle of the early Friday session range, SPX and Nasdaq posting modest gains after reversing higher prices on the open. At the moment, the DJIA trades down 55.74 points (-0.13%) at 44507.85, S&P E-Minis up 4.75 points (0.08%) at 6156.75, Nasdaq up 14.6 points (0.1%) at 20071.74.
  • Utility and Communication Services sectors outperformed in the first half, electricity and multi-energy providers supporting the former: NextEra Energy Inc +5.26%, AES Corp +2.04%, Southern Co+1.42% and PG&E Corp +1.39%.
  • Meanwhile, leading gainers in the Communication Services sector Match Group +2.24%, Interpublic Group and Walt Disney Co both up 1.77% while Verizon Communications gained 1.45%.
  • Conversely, Energy and Information Technology sectors underperformed in the first half, oil and gas shares weighing on the Energy sector: Texas Pacific Land Corp-1.80%, Diamondback Energy -1.61% while Devon Energy Corp and EOG Resources Inc both declined -1.36%.
  • The tech sector lagged as semiconductor makers continued to draw profit taking sales after posting strong midweek gains: Texas Instruments -6.28%, Microchip Technology -5.10%, Analog Devices Inc-3.30%, NXP Semiconductor-2.53% while First Solar Inc declined 2.10%.