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Late Equities Roundup: Inching Higher

US STOCKS
  • Inside relatively narrow ranges, stocks are inching higher in late session trade, the DJIA still outperforming. Currently, DJIA is up 310.8 points (0.79%) at 39592.52, S&P E-Minis up 17.75 points (0.34%) at 5283, Nasdaq up 18.5 points (0.1%) at 16334.68.
  • Leading Gainers: Utility and Real Estate sectors outperformed in the second half, water and multi-energy providers supported the Energy sector: Eversource +4.17%, CenterPoint Energy +3.31%, Dominion Energy +3.15%. Real estate investment trusts, particularly industrial and retail REITS buoyed the latter: Extra Space Storage +3.03%, Public Storage +3.25% Healthpeak Properties +3.02%.
  • Laggers: Reversing prior session gains media and entertainment shares weighed on the Communication Services sector in late trade: Netflix -2.42%, Match -0.73%, Meta -0.62%. Meanwhile, chip stocks weighed on the Information Technology sector as trading accounts squared up ahead the extended Easter holiday weekend: Arista Networks -3.88%, ServiceNow Inc -2.64%, Nvidia -2.42%.

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