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Late Equities Roundup: Extending Session Highs

US STOCKS
  • Stocks continued to march higher late Thursday, led by strong gains in Consumer Discretionary and Information Technology sector shares following this morning's better than expected Retail Sales data.
  • Currently, the DJIA trades up 531.71 points (1.33%) at 40540.67, S&P E-Minis up 90 points (1.64%) at 5566.25, Nasdaq up 399.2 points (2.3%) at 17591.49.
  • Rebounding from midweek selling, autos, broadline retailers and apparel stocks continued to buoy the Consumer Discretionary sector in lat etrade: Ulta Beauty +12.17% after Berkshire Hathaway announced a new stake in the company, Tesla +6.28%, Lululemon +6.94%. Of note, Walmart surged 7.0% after beating earnings estimates, climbing to a new highs over 76.60.
  • Semiconductor makers continued to support the IT sector: ON Semiconductor +7.5%, Micron +7.14%, Enphase +6.91%, with a broad swath of stocks from Applied Materials to Qualcomm +3.5-5% after noon.
  • On the flipside, Utilities and Real Estate sector shares continued to underperform in late trade, electricity/multi-energy shares weighing on the former: Eversource -2.23%, Consolidated Edison -1.55%, Evergy -0.91%. Specialized and health care REITs weighed on the Real Estate sector: American Tower -2.20%, Welltower -1.22%, Equinix -1.21%.

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