February 10, 2025 19:48 GMT
US STOCKS: Late Equities Roundup: Extending Highs, Headline Risk Remains
US STOCKS
- Stocks have recovered from this morning's headline risk (risk off on tariff and middle-East tensions), extending highs in late Monday trade. Currently, the DJIA trades up 144.68 points (0.33%) at 44447.84, S&P E-Minis up 40.5 points (0.67%) at 6089.75, Nasdaq up 209 points (1.1%) at 19732.73.
- Headlines aside, Energy and Information Technology sectors continued to lead gainers in late tradde. Middle east tensions supported a rise in crude prices (WTI +1.45 at 72.45) in turn buoyed oil and gas stocks with APA Corp +5.49%, EQT Corp +4.34%, ONEOK +3.75% while Devon Energy gained 3.47%.
- Semiconductor and hardware makers supported the tech sector with Super Micro Computer +14.42 (won't annc earnings until Feb 28), Western Digital +5.83%, Dell +5.71% and Broadcom up 4.48%.
- On the flipside, Financial and Health Care sectors continued to underperform, banks weighing on the former: Wells Fargo -1.73%, JP Morgan -1.41%, PNC Financial -1.30%. Pharmaceuticals weighed on the Health Care sector: Incyte Corp -6.33%, Bio-Techne -3.61%, Thermo Fisher -3.32%.
- Earnings expected to be announced early Tuesday include: Leidos Holdings, Coca-Cola, DuPont de Nemours, Carlyle Group, Ecolab Inc, Fidelity National Information, WESCO International, Carrier Global Corp, Humana Inc, Marriott International and S&P Global.
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