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US STOCKS: Late Equities Roundup: Autos, Travel & Broadline Retailers Rebound

US STOCKS
  • Major stock averages trade mixed late Wednesday, well off this morning's post-CPI related lows, some desks said sentiment improved after President Trump confirmed call with Russia's Putin Call to end war in Ukraine. Currently, the DJIA trades down 204.88 points (-0.46%) at 44392.64, S&P E-Minis down 14.75 points (-0.24%) at 6077.5, Nasdaq up 28 points (0.1%) at 19672.59.
  • Consumer Discretionary and Consumer Staples sectors led gainers in the second half, autos and travel related shares buoyed the former: Tesla +5.04%, Airbnb +4.32$, GM +2.31% while Expedia gained 2.25%. Broadline retailers supported the Consumer Staples sector: Kroger +1.0%, Walmart +0.90%, Walgreens Boots +0.80%.
  • Conversely, Energy and Materials sectors underperformed in late trade, oil and gas stocks weaker as crude prices pare early week gains (WTI -1.98 at 71.34): Diamondback Energy -4.09%, APA -3.93%, Devon & Valero Energy both declining -3.5%. Container & packing shares weighed on the Materials sector: CF Industries Holdings -6.50%, Smurfit WestRock -5.00%, Mosaic -4.75%.
  • Reminder, expected Wednesday afternoon earnings include: Equinix Inc, MGM Resorts International, Reddit, Robinhood Markets, Albemarle, AppLovin, Williams Cos, Corebridge Financial, Aurora Innovation, Dutch Bros, HubSpot and Cisco Systems.
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  • Major stock averages trade mixed late Wednesday, well off this morning's post-CPI related lows, some desks said sentiment improved after President Trump confirmed call with Russia's Putin Call to end war in Ukraine. Currently, the DJIA trades down 204.88 points (-0.46%) at 44392.64, S&P E-Minis down 14.75 points (-0.24%) at 6077.5, Nasdaq up 28 points (0.1%) at 19672.59.
  • Consumer Discretionary and Consumer Staples sectors led gainers in the second half, autos and travel related shares buoyed the former: Tesla +5.04%, Airbnb +4.32$, GM +2.31% while Expedia gained 2.25%. Broadline retailers supported the Consumer Staples sector: Kroger +1.0%, Walmart +0.90%, Walgreens Boots +0.80%.
  • Conversely, Energy and Materials sectors underperformed in late trade, oil and gas stocks weaker as crude prices pare early week gains (WTI -1.98 at 71.34): Diamondback Energy -4.09%, APA -3.93%, Devon & Valero Energy both declining -3.5%. Container & packing shares weighed on the Materials sector: CF Industries Holdings -6.50%, Smurfit WestRock -5.00%, Mosaic -4.75%.
  • Reminder, expected Wednesday afternoon earnings include: Equinix Inc, MGM Resorts International, Reddit, Robinhood Markets, Albemarle, AppLovin, Williams Cos, Corebridge Financial, Aurora Innovation, Dutch Bros, HubSpot and Cisco Systems.