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US STOCKS: Late Equities Roundup: Broadline Retailers, Tech Stocks Underperform

US STOCKS
USEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • Stocks continued ratchet lower late Friday, extending lows in stages after this morning's mixed employment and inflation expectations data while late morning headlines regarding "reciprocal tariff" implementation accelerated the move. Currently, the DJIA trades down 413.67 points (-0.92%) at 44334.09, S&P E-Minis down 56.5 points (-0.93%) at 6049.5, Nasdaq down 282.7 points (-1.4%) at 19510.54.
  • Consumer Discretionary and Information Technology sectors underperforming in late trade, broadline retailers weighing on the Consumer Discretionary sector: Ulta Beauty -6.63%, DR Horton -6.03%, Lennar -4.13% while Amazon declined -4.07% after missing earnings late Thursday.
  • Hardware and semiconductor makers weighed on the Technology sector late Friday: Enphase Energy -6.00%, Zebra Technologies -5.27%, CDW Corp -3.99%, ON Semiconductor -3.49% and Microchip Technology -3.37%.
  • On the positive side, Energy and Industrial sectors led gainers ahead midday. Oil & gas stocks buoyed the former with Texas Pacific +1.65%, Targa Resources +1.48%, Hess +1.38% and Chevron up 1.10%. Transportation stocks supported the Industrial sector with Uber +7.49%, Delta Air Lines +0.80% while Old Dominion Freight gained 0.68%.
  • Earnings resume next Monday with ON Semiconductor, Rockwell Automation, Veradigm, McDonald's Corp, Astera Labs and Vertex Pharmaceuticals.
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  • Stocks continued ratchet lower late Friday, extending lows in stages after this morning's mixed employment and inflation expectations data while late morning headlines regarding "reciprocal tariff" implementation accelerated the move. Currently, the DJIA trades down 413.67 points (-0.92%) at 44334.09, S&P E-Minis down 56.5 points (-0.93%) at 6049.5, Nasdaq down 282.7 points (-1.4%) at 19510.54.
  • Consumer Discretionary and Information Technology sectors underperforming in late trade, broadline retailers weighing on the Consumer Discretionary sector: Ulta Beauty -6.63%, DR Horton -6.03%, Lennar -4.13% while Amazon declined -4.07% after missing earnings late Thursday.
  • Hardware and semiconductor makers weighed on the Technology sector late Friday: Enphase Energy -6.00%, Zebra Technologies -5.27%, CDW Corp -3.99%, ON Semiconductor -3.49% and Microchip Technology -3.37%.
  • On the positive side, Energy and Industrial sectors led gainers ahead midday. Oil & gas stocks buoyed the former with Texas Pacific +1.65%, Targa Resources +1.48%, Hess +1.38% and Chevron up 1.10%. Transportation stocks supported the Industrial sector with Uber +7.49%, Delta Air Lines +0.80% while Old Dominion Freight gained 0.68%.
  • Earnings resume next Monday with ON Semiconductor, Rockwell Automation, Veradigm, McDonald's Corp, Astera Labs and Vertex Pharmaceuticals.