June 24, 2024 19:24 GMT
Late Equities Roundup: DJIA Leads, Energy, Utilities Outperform
US STOCKS
Credit BulletsHomepageCreditEquitiesAT&T Market NewsBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
- Equities remain mixed after the bell, the DJIA continues to outperform weaker Nasdaq stocks. Currently, the DJIA is up 265.92 points (0.68%) at 39416.11, S&P E-Minis down 6 points (-0.11%) at 5528.75, Nasdaq down 114 points (-0.6%) at 17576.18.
- Energy and Utility sectors led gainers in late trade, oil & gas servicer shares supporting the former as crude inched higher (WTI +0.88 at 81.61): APA Corp +4.95%, Devon Energy +4.65%, Baker Hughes +4.45%.
- Utilities outpaced Financials in the second half, independent power and multi-energy providers trading strong: NRG Energy +3.0%, AES Corp +2.82%, Public Service Enterprises Group +2.41%.
- On the flipside, Information Technology and Consumer Discretionary sectors continued to underperform, semiconductor shares weighing on the former: Despite Friday's four-fold upweighting in the SPDR S&P U.S. Technology Select Sector ETF (XLK), Nvidia traded -4.87%, Qualcomm -3.83%, Broadcom -2.57%.
- Meanwhile, broadline retailers lagged better gainers in the Consumer Discretionary sector: Amazon -1.35%, Tractor Supply -1.29%, Home Depot -1.0%.
152 words