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Late Equities Roundup: Extending Late Session Lows

US STOCKS
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  • Stocks have retreated slightly late Friday, extending session lows recently heading into the weekend. Currently, the DJIA is up 26.64 points (0.07%) at 39895.89, S&P E-Minis down 7.5 points (-0.14%) at 5312.5, Nasdaq down 56.7 points (-0.3%) at 16641.39.
  • Energy and Materials sectors continue to lead gainers in the second half, oil and gas shares supporting the former: Valero +3.60%, Marathon Petroleum +2.8%, EQT Corp +1.93%. Metals and mining stocks buoy the latter with gold trading over $40 higher now: Freeport McMoRan +3.6%, Newmont Corp +1.96%.
  • Laggers: Information Technology and Utilities traded weaker late, semiconductor stocks weighing on IT as they unwound early week gains: Lam Research -3.91%, Nvidia -2.47%, Micron -2.15%. Electricity providers weighed on the Utilities sector: Constellation Energy -2.08%, Ameren Corp -1.08%, Eversource Energy -0.96%.
  • Reminder: a few late cycle corporate earnings expected next week: Zoom Video Conf, Palo Alto Networks, Macy's Inc, Lowe's Inc, AutoZone Inc, Target, Petco, Analog Devices, TJX, Synopsys, Nvidia, Autodesk, Dollar Tree Inc.
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  • Stocks have retreated slightly late Friday, extending session lows recently heading into the weekend. Currently, the DJIA is up 26.64 points (0.07%) at 39895.89, S&P E-Minis down 7.5 points (-0.14%) at 5312.5, Nasdaq down 56.7 points (-0.3%) at 16641.39.
  • Energy and Materials sectors continue to lead gainers in the second half, oil and gas shares supporting the former: Valero +3.60%, Marathon Petroleum +2.8%, EQT Corp +1.93%. Metals and mining stocks buoy the latter with gold trading over $40 higher now: Freeport McMoRan +3.6%, Newmont Corp +1.96%.
  • Laggers: Information Technology and Utilities traded weaker late, semiconductor stocks weighing on IT as they unwound early week gains: Lam Research -3.91%, Nvidia -2.47%, Micron -2.15%. Electricity providers weighed on the Utilities sector: Constellation Energy -2.08%, Ameren Corp -1.08%, Eversource Energy -0.96%.
  • Reminder: a few late cycle corporate earnings expected next week: Zoom Video Conf, Palo Alto Networks, Macy's Inc, Lowe's Inc, AutoZone Inc, Target, Petco, Analog Devices, TJX, Synopsys, Nvidia, Autodesk, Dollar Tree Inc.