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Late Equities Roundup: Communication, IT Sectors Outperform

US STOCKS
  • Stocks remain near steady to mixed late Friday, Dow shares still underperforming, S&P Eminis not far off Thursday's all-time high of 5322.75. Currently, S&P E-Minis trades down 1.75 points (-0.03%) at 5300.5, Nasdaq up 39.4 points (0.2%) at 16440.47, DJIA down 200.45 points (-0.5%) at 39580.63.
  • Leading Gainers: Communication Services and Information Technology sectors continued to lead gainers in the second half, media and entertainment shares buoyed the former: Google +2.29%, Netflix +0.54%, Meta +0.3%. Semiconductor stocks supported IT: Nvidia +3.24%, Broadcom +1.17%, Micron +1.12%.
  • Laggers: Real Estate and financial sectors underperformed in the the second half, Real Estate investment trusts and estate management shares weighed on the former: Boston Properties -3.57%, Kimco -3.0%, Alexandria Real Estate -2.32%. Meanwhile, Banks and services weighed on the Financial sector late: M&T Bank -2.38%, Synchrony Financial -2.32%, Blackstone -2.0% while KeyCorp traded -1.90%.

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