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US STOCKS: Late Equities Roundup: Eminis Hold Near Jan 6 Highs

US STOCKS
USEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • Stocks are near session highs late Friday, SPX eminis back at January 6 levels after starting the week near early November lows. Currently, the DJIA trades up 403.21 points (0.93%) at 43556.84, S&P E-Minis Future up 65.5 points (1.1%) at 6041.5, Nasdaq up 315.4 points (1.6%) at 19654.72.
  • Consumer Discretionary and Information Technology sectors continued to lead gainers in late trade, autos and cruise lines supporting the former: Tesla +5.86%, Royal Caribbean Cruises +3.52%, Carnival Corp +3.67%, Norwegian Cruise Line Holdings +3.48%.
  • Meanwhile, IT gained as semiconductor makers rebounded from midweek selling as Intel led gainers there: +8.62% on differing headlines: several noted that Intel Corp is spinning off a $5B venture capital arm Intel Capital, while others revived chatter the firm is an acquisition target with Apple, Samsung, and Qualcomm all rumored to be interested buyers for months.
  • Other gainers in the IT sector included Monolithic Power +4.68%, Broadcom +3.22%, Nvidia +3.14% and Micron +2.71%.
  • On the flipside, Health Care and Utility sectors underperformed in the second half, pharmaceuticals weighing on the former with Eli Lilly -2.59%, Merck -1.87% and Regeneron -1.19%. Vistra -1.43% and NRG Energy -1.22% weighed on the Utility sector.
  • Corporate earnings pick up in earnest next week, headliners expected to announce next Tuesday include KeyCorp, DR Horton Inc, Charles Schwab, Prologis Inc and 3M Co before the market opens, Fifth Third Bancorp, Netflix Inc, Interactive Brokers, United Airlines, Seagate Technology and Capital One Financial after the market closes.
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  • Stocks are near session highs late Friday, SPX eminis back at January 6 levels after starting the week near early November lows. Currently, the DJIA trades up 403.21 points (0.93%) at 43556.84, S&P E-Minis Future up 65.5 points (1.1%) at 6041.5, Nasdaq up 315.4 points (1.6%) at 19654.72.
  • Consumer Discretionary and Information Technology sectors continued to lead gainers in late trade, autos and cruise lines supporting the former: Tesla +5.86%, Royal Caribbean Cruises +3.52%, Carnival Corp +3.67%, Norwegian Cruise Line Holdings +3.48%.
  • Meanwhile, IT gained as semiconductor makers rebounded from midweek selling as Intel led gainers there: +8.62% on differing headlines: several noted that Intel Corp is spinning off a $5B venture capital arm Intel Capital, while others revived chatter the firm is an acquisition target with Apple, Samsung, and Qualcomm all rumored to be interested buyers for months.
  • Other gainers in the IT sector included Monolithic Power +4.68%, Broadcom +3.22%, Nvidia +3.14% and Micron +2.71%.
  • On the flipside, Health Care and Utility sectors underperformed in the second half, pharmaceuticals weighing on the former with Eli Lilly -2.59%, Merck -1.87% and Regeneron -1.19%. Vistra -1.43% and NRG Energy -1.22% weighed on the Utility sector.
  • Corporate earnings pick up in earnest next week, headliners expected to announce next Tuesday include KeyCorp, DR Horton Inc, Charles Schwab, Prologis Inc and 3M Co before the market opens, Fifth Third Bancorp, Netflix Inc, Interactive Brokers, United Airlines, Seagate Technology and Capital One Financial after the market closes.