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Late Equities Roundup

US STOCKS
  • Stocks have recovered from first half sell pressure to mildly higher in late trade, Utility and Financial sector shares still outperforming. Currently, the DJIA trades up 110.73 points (0.27%) at 40674.08, S&P E-Minis up 11.75 points (0.21%) at 5579, Nasdaq up 44.2 points (0.3%) at 17637.59.
  • Eminis neared initial technical resistance of 5600.75 (High Aug 1).
  • Rebounding from Thursday selling, Utility and Financial sector shares led gainers in late trade. Electricity and multi-energy shares buoyed the former: Xcel Energy +1.63%, NextEra Energy +1.37, Dominion Energy +1.36%. Banks buoyed the Financial sector, outpacing earlier services shares: Fifth Third Bancorp +1.23%, Regions Financial +1.20%, Citigroup +1.11%.
  • On the flipside, Real Estate and Industrials sectors underperformed in late trade, industrial and hotel/resort REITS weighing on the former: Prologis -1.53%, Essex Property -1.18%, Iron Mountain -1.02%. GE Vernova -2.83%, Hubbell Inc -2.04%, Trane Technologies -1.80% weighed on Industrials.

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