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Late Equities Roundup: Banks, Oil Companies Buoy Broader Markets

US STOCKS
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  • Stocks are gradually climbing off lows, Nasdaq still weaker in late Monday trade. The DJIA trades up 198.62 points (0.48%) at 41592.6, S&P E-Minis up 1.75 points (0.03%) at 5692.75, Nasdaq down 115.7 points (-0.7%) at 17568.38.
  • Financial and Energy sectors continued to lead gainers in late trade, banks and insurance providers outperforming: KKR +3.0%, Global Life +2.84%, State Street Corp +2.65%. Oil and gas shares buoyed the Energy sector as crude prices gained (WTI +1.53 at 70.18): ONEOK +2.09%, Marathon Oil +1.72%, ConocoPhillips +1.63%.
  • Conversely, Information Technology and Consumer Discretionary sectors continued to underperform, hardware and semiconductor makers weighing on the former: Qorvo -7.06%, Skyworks Solutions -6.16%, Micron -4.64%. That's not to say the IT sector didn't have some decent gainers Monday as Oracle gained +5.02%, Intel +4.53%, Crowdstrike +4.08%.
  • Meanwhile, broadline retailers weighed on the Discretionary sector: Etsy -4.04%, LKQ Corp -1.22%, Ross Store -0.81%.
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  • Stocks are gradually climbing off lows, Nasdaq still weaker in late Monday trade. The DJIA trades up 198.62 points (0.48%) at 41592.6, S&P E-Minis up 1.75 points (0.03%) at 5692.75, Nasdaq down 115.7 points (-0.7%) at 17568.38.
  • Financial and Energy sectors continued to lead gainers in late trade, banks and insurance providers outperforming: KKR +3.0%, Global Life +2.84%, State Street Corp +2.65%. Oil and gas shares buoyed the Energy sector as crude prices gained (WTI +1.53 at 70.18): ONEOK +2.09%, Marathon Oil +1.72%, ConocoPhillips +1.63%.
  • Conversely, Information Technology and Consumer Discretionary sectors continued to underperform, hardware and semiconductor makers weighing on the former: Qorvo -7.06%, Skyworks Solutions -6.16%, Micron -4.64%. That's not to say the IT sector didn't have some decent gainers Monday as Oracle gained +5.02%, Intel +4.53%, Crowdstrike +4.08%.
  • Meanwhile, broadline retailers weighed on the Discretionary sector: Etsy -4.04%, LKQ Corp -1.22%, Ross Store -0.81%.