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US STOCKS: Late Equities Roundup: Holding Gains, Energy & Chips Stocks Leading

US STOCKS
USEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • Stocks continue to extend late session highs as concerns moderate over the Trump administration's trade policy, China tariff tit-for-tat notwithstanding. Currently, the DJIA trades up 153.9 points (0.35%) at 44573.8, S&P E-Minis up 41.5 points (0.69%) at 6063.75, Nasdaq up 241.9 points (1.2%) at 19633.39.
  • Energy and Information Technology sectors continued to lead gainers in late trade, oil and gas stocks supporting the former: Marathon Petroleum gaining 6.75% after beating earnings estimates while lowering capacity to 85% to improve margins. Meanwhile, Valero +4.66%, APA Corp +4.47% and Phillips 66 +4.02%.
  • After trading weaker the last few sessions, the Information Technology sector gained on support from semiconductor makers: Monolithic Power +4.13%, Advanced Micro Devices +3.96%, Enphase +3.93% and Nvidia +2.06%. Of note, software solutions heavyweight Palantir surged 22.63% on strong earnings and guidance.
  • On the flipside, Utilities and Consumer Staples sectors continued to underperform in the second half, multi energy producers weighing on the former: Dominion Energy -4.21%, Edison Int -1.3% and NextEra Energy -1.25%. On Consumer Staples, Estee Lauder fell nearly 17% after announcing 7,000 job cuts and to book charges of $1.2 billion to $1.6 billion before tax. Elsewhere, Clorox declined 6.78%, PepsiCo -4.67% and Archer-Daniels-Midland -3.44%.
  • Additional earnings announcements expected after the close: Snap, Alphabet Inc, Match Group, Amgen, Advanced Micro Devices, Lumen Technologies, Simon Property Group, Enphase Energy, Electronic Arts, Omnicom Group and Juniper Networks Inc.
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  • Stocks continue to extend late session highs as concerns moderate over the Trump administration's trade policy, China tariff tit-for-tat notwithstanding. Currently, the DJIA trades up 153.9 points (0.35%) at 44573.8, S&P E-Minis up 41.5 points (0.69%) at 6063.75, Nasdaq up 241.9 points (1.2%) at 19633.39.
  • Energy and Information Technology sectors continued to lead gainers in late trade, oil and gas stocks supporting the former: Marathon Petroleum gaining 6.75% after beating earnings estimates while lowering capacity to 85% to improve margins. Meanwhile, Valero +4.66%, APA Corp +4.47% and Phillips 66 +4.02%.
  • After trading weaker the last few sessions, the Information Technology sector gained on support from semiconductor makers: Monolithic Power +4.13%, Advanced Micro Devices +3.96%, Enphase +3.93% and Nvidia +2.06%. Of note, software solutions heavyweight Palantir surged 22.63% on strong earnings and guidance.
  • On the flipside, Utilities and Consumer Staples sectors continued to underperform in the second half, multi energy producers weighing on the former: Dominion Energy -4.21%, Edison Int -1.3% and NextEra Energy -1.25%. On Consumer Staples, Estee Lauder fell nearly 17% after announcing 7,000 job cuts and to book charges of $1.2 billion to $1.6 billion before tax. Elsewhere, Clorox declined 6.78%, PepsiCo -4.67% and Archer-Daniels-Midland -3.44%.
  • Additional earnings announcements expected after the close: Snap, Alphabet Inc, Match Group, Amgen, Advanced Micro Devices, Lumen Technologies, Simon Property Group, Enphase Energy, Electronic Arts, Omnicom Group and Juniper Networks Inc.