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Late Equities Roundup: Eminis Off New All-Time High, Financials Lead

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  • Off post-NFP lows, stocks marched higher in the second half before profit taking tempered support with indexes mildly lower after the bell. S&P Eminis made new all-time high of 5385.5 while the DJIA remains well off mid-May all time high of 40,065.18. Currently, the DJIA is down 24.63 points (-0.06%) at 38889.44, S&P E-Minis down 6.5 points (-0.12%) at 5363, Nasdaq down 52.1 points (-0.3%) at 17138.41.
  • Financial and Industrial sector shares continued to lead gainers in late trade, banks and insurance providers supported the former: Capital One +3.15%, Discover Financial Services +2.49%, Travelers +2.07% while JP Morgan gained 1.85%. Industrials sector led by 3M Co +3.48%, United Rentals +2.27%, WW Grainger +2.05%.
  • On the flipside, Real Estate and Materials sectors continued to underperform, investment trusts, particularly office and hotel REITs weighed on the former: Boston Properties -2.42%, American Tower -2.19%, Alexandria Real Estate -1.58%. Metals and mining shares weighed on the Materials sector - partially due to Gold falling over $75.0 amid reports China has curbed their 18-month buying program: Newmont -4.92%, Freeport-McMoRan -3.38% while Steel Dynamics declined 1.75%.
  • Looking ahead to next week's notable earnings releases: Autodesk, Casey's General Store, Oracle, Broadcom, and Adobe.
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  • Off post-NFP lows, stocks marched higher in the second half before profit taking tempered support with indexes mildly lower after the bell. S&P Eminis made new all-time high of 5385.5 while the DJIA remains well off mid-May all time high of 40,065.18. Currently, the DJIA is down 24.63 points (-0.06%) at 38889.44, S&P E-Minis down 6.5 points (-0.12%) at 5363, Nasdaq down 52.1 points (-0.3%) at 17138.41.
  • Financial and Industrial sector shares continued to lead gainers in late trade, banks and insurance providers supported the former: Capital One +3.15%, Discover Financial Services +2.49%, Travelers +2.07% while JP Morgan gained 1.85%. Industrials sector led by 3M Co +3.48%, United Rentals +2.27%, WW Grainger +2.05%.
  • On the flipside, Real Estate and Materials sectors continued to underperform, investment trusts, particularly office and hotel REITs weighed on the former: Boston Properties -2.42%, American Tower -2.19%, Alexandria Real Estate -1.58%. Metals and mining shares weighed on the Materials sector - partially due to Gold falling over $75.0 amid reports China has curbed their 18-month buying program: Newmont -4.92%, Freeport-McMoRan -3.38% while Steel Dynamics declined 1.75%.
  • Looking ahead to next week's notable earnings releases: Autodesk, Casey's General Store, Oracle, Broadcom, and Adobe.