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Late Equities Roundup: Gains Tempered Post-FOMC Minutes

US STOCKS
  • Stocks are making moderate gains in late Wednesday trade, nearly testing midmorning highs after the dovish leaning July FOMC minutes spurred some profit taking. Currently, the DJIA trades up 29.01 points (0.07%) at 40863.93, S&P E-Minis up 15 points (0.27%) at 5634.5, Nasdaq up 63.4 points (0.4%) at 17879.33.
  • Materials and Consumer Discretionary sector shares led gainers in late trade, the former buoyed by: Albemarle +4.84%, Mosaic +2.81%, Steel Dynamics +2.66%. Durables and apparel stocks supported the Consumer Discretionary sector: TJX +5.61%, Ross Stores +4.11%, DR Horton +3.84%.
  • On the flipside, listed banks weighed on the Financials: Franklin Resources -7.65%, American Express -2.78%, Citigroup -1.58%. Interactive media and entertainment followed suit: Warner Brothers -1.09%, Google -0.78%, Charter Communications -0.55%.
  • Late cycle corporate earnings expected this week: after today's close, Urban Outfitters, Agilent Technologies, Synopsys, Snowflake and Zoom Video Communications; Wednesday; Peloton, Advance Auto Parts, Williams-Sonoma, Ross Stores and Intuit on Thursday; Dollar Tree and Veradigm Inc on Friday.

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