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Late Equities Roundup: Extending Lows

US STOCKS
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  • The morning sell off in stocks accelerated in the second half, the Nasdaq back to mid-June levels. Stocks came under pressure after disappointing corporate earnings and flash PMIs that showed a contraction in the manufacturing sector.
  • Currently, the DJIA is down 432.61 points (-1.07%) at 39927.42, S&P E-Minis down 119.75 points (-2.14%) at 5479.75, Nasdaq down 625.8 points (-3.5%) at 17371.54.
  • Information Technology and Communication Services sectors underperformed in late trade, semiconductor stocks weighing on the former: Broadcom -6.21%, Qualcomm -5.97%, Nvidia -5.40%. Interactive media and entertainment continued to weigh on the latter: Alphabet, formerly Google trades -5.0%, Meta -4.96%, Match Group -3.25%.
  • On the flipside, Utilities and Health Care sector shares led gainers in late trade, multi energy providers supporting the former: NextEra Energy +4.53%, Eversource +3.22%, Dominion Energy +2.47%. Meanwhile, pharmaceuticals buoyed Health Care: Bristol-Myers Squibb +3.39%, Thermo-Fisher +3.21%, Abbott Labs +2.86%.
  • Reminder, Wednesday afternoon earnings announcements expected from: Whirlpool, Ford Motor Co, Chipotle Mexican Grill, O'Reilly Automotive, Republic Services, Waste Management, IBM, KLA Corp, Invitation Homes, Newmont, Teradyne, Ameriprise Financial, United Rentals, Globe Life, Edwards Lifesciences and Raymond James Financial.
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  • The morning sell off in stocks accelerated in the second half, the Nasdaq back to mid-June levels. Stocks came under pressure after disappointing corporate earnings and flash PMIs that showed a contraction in the manufacturing sector.
  • Currently, the DJIA is down 432.61 points (-1.07%) at 39927.42, S&P E-Minis down 119.75 points (-2.14%) at 5479.75, Nasdaq down 625.8 points (-3.5%) at 17371.54.
  • Information Technology and Communication Services sectors underperformed in late trade, semiconductor stocks weighing on the former: Broadcom -6.21%, Qualcomm -5.97%, Nvidia -5.40%. Interactive media and entertainment continued to weigh on the latter: Alphabet, formerly Google trades -5.0%, Meta -4.96%, Match Group -3.25%.
  • On the flipside, Utilities and Health Care sector shares led gainers in late trade, multi energy providers supporting the former: NextEra Energy +4.53%, Eversource +3.22%, Dominion Energy +2.47%. Meanwhile, pharmaceuticals buoyed Health Care: Bristol-Myers Squibb +3.39%, Thermo-Fisher +3.21%, Abbott Labs +2.86%.
  • Reminder, Wednesday afternoon earnings announcements expected from: Whirlpool, Ford Motor Co, Chipotle Mexican Grill, O'Reilly Automotive, Republic Services, Waste Management, IBM, KLA Corp, Invitation Homes, Newmont, Teradyne, Ameriprise Financial, United Rentals, Globe Life, Edwards Lifesciences and Raymond James Financial.