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US STOCKS: Late Equities Roundup: Hugging Lows, Autos & Chips Still Lagging

US STOCKS
USEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • Stocks continue to drift near second half lows though sell pressure appears to have lost momentum late Tuesday. Currently, the DJIA trades down 116.58 points (-0.27%) at 42590.17, S&P E-Minis down 54.5 points (-0.91%) at 5966, Nasdaq down 325.6 points (-1.6%) at 19539.81.
  • Consumer Discretionary and Information Technology sectors continue to underperform in late trade, autos and broadline retailers weighing on the Consumer Discretionary sector: Tesla -4.16%, GM -2.15%, Amazon -1.93%, while Ross Stores declined 1.76%.
  • Semiconductor makers pared gains from the week opener (despite incoming President Trump touting a $20B investment in AI data centers after Microsoft vowed $80B last Friday): Palantir Technologies -6.52%, Nvidia -5.13%, Super Micro Computer -3.90% while Broadcom declined 2.30%.
  • On the positive side, Energy and Health Care sectors led gainers, oil and gas shares supporting Energy after crude prices drifted higher (WTI +0.61 at 74.17): Devon Energy +3.19%, Hess Corp +2.52%, Occidental Petroleum +2.11%.
  • Pharmaceutical makers buoyed the Health Care sector, Moderna jumping 13.39% amid bird flu vaccine hopes, Regeneron +2.14%, Incyte +1.77%.
  • Reminder, the next round of quarterly earnings kicks off mid-January with Blackrock, Bank of NY Melon, Wells Fargo, JP Morgan, Goldman Sachs, Citigroup, US Bancorp, M&T Bank and PNC all reporting between January 13-16.
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  • Stocks continue to drift near second half lows though sell pressure appears to have lost momentum late Tuesday. Currently, the DJIA trades down 116.58 points (-0.27%) at 42590.17, S&P E-Minis down 54.5 points (-0.91%) at 5966, Nasdaq down 325.6 points (-1.6%) at 19539.81.
  • Consumer Discretionary and Information Technology sectors continue to underperform in late trade, autos and broadline retailers weighing on the Consumer Discretionary sector: Tesla -4.16%, GM -2.15%, Amazon -1.93%, while Ross Stores declined 1.76%.
  • Semiconductor makers pared gains from the week opener (despite incoming President Trump touting a $20B investment in AI data centers after Microsoft vowed $80B last Friday): Palantir Technologies -6.52%, Nvidia -5.13%, Super Micro Computer -3.90% while Broadcom declined 2.30%.
  • On the positive side, Energy and Health Care sectors led gainers, oil and gas shares supporting Energy after crude prices drifted higher (WTI +0.61 at 74.17): Devon Energy +3.19%, Hess Corp +2.52%, Occidental Petroleum +2.11%.
  • Pharmaceutical makers buoyed the Health Care sector, Moderna jumping 13.39% amid bird flu vaccine hopes, Regeneron +2.14%, Incyte +1.77%.
  • Reminder, the next round of quarterly earnings kicks off mid-January with Blackrock, Bank of NY Melon, Wells Fargo, JP Morgan, Goldman Sachs, Citigroup, US Bancorp, M&T Bank and PNC all reporting between January 13-16.