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Late Equities Roundup

US STOCKS
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  • The Dow, largely driven by gains in United Health after beating earnings expectations this morning (+5.91%), continues to outperform S&P Eminis and Nasdaq, extending record highs in late trade. Currently, the DJIA up 720.57 points (1.79%) at 40928.28, S&P E-Minis up 30.5 points (0.54%) at 5713.25, Nasdaq up 18.4 points (0.1%) at 18489.54.
  • Industrials and Materials continue to lead gainers in late trade, airlines buoying the former: Delta +5.84%, United Airlines gained 5.05% and American Airlines +4.8%. Construction materials supported the latter: Martin Marietta Materials +3.68%, Vulcan Materials +3.12%.
  • Information Technology and Communication Services sectors underperformed, semiconductor stocks weaker as they paired recent gains: Micron -2.36%, Broadcom -2.16%, Nvidia -2.07%. Meanwhile, interactive media and entertainment weighed on the Communication Services sector: Google -1.42%, Meta -1.34%, Live Nation -1.11%.
  • Note, earning results mostly supportive for banks: PNC Financial trade +4.63%, Bank of America +5.66%, Morgan Stanley +1.56%, State Street +6.51%, while Charles Schwab bucked the trend trading -9.31%.
  • Upcoming earnings: Citizens Financial, US Bancorp, Discover Financial and Ally Financial on Wednesday; KeyCorp, M&T Bank and Blackstone on Thursday; Fifth Third, Regions Financial, Comerica, American Express and Huntington next Friday.
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  • The Dow, largely driven by gains in United Health after beating earnings expectations this morning (+5.91%), continues to outperform S&P Eminis and Nasdaq, extending record highs in late trade. Currently, the DJIA up 720.57 points (1.79%) at 40928.28, S&P E-Minis up 30.5 points (0.54%) at 5713.25, Nasdaq up 18.4 points (0.1%) at 18489.54.
  • Industrials and Materials continue to lead gainers in late trade, airlines buoying the former: Delta +5.84%, United Airlines gained 5.05% and American Airlines +4.8%. Construction materials supported the latter: Martin Marietta Materials +3.68%, Vulcan Materials +3.12%.
  • Information Technology and Communication Services sectors underperformed, semiconductor stocks weaker as they paired recent gains: Micron -2.36%, Broadcom -2.16%, Nvidia -2.07%. Meanwhile, interactive media and entertainment weighed on the Communication Services sector: Google -1.42%, Meta -1.34%, Live Nation -1.11%.
  • Note, earning results mostly supportive for banks: PNC Financial trade +4.63%, Bank of America +5.66%, Morgan Stanley +1.56%, State Street +6.51%, while Charles Schwab bucked the trend trading -9.31%.
  • Upcoming earnings: Citizens Financial, US Bancorp, Discover Financial and Ally Financial on Wednesday; KeyCorp, M&T Bank and Blackstone on Thursday; Fifth Third, Regions Financial, Comerica, American Express and Huntington next Friday.