June 13, 2024 19:22 GMT
Late Equities Roundup: Late Support
US STOCKS
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- Stocks have bounced late Thursday, DJIA still in the red are well off midday lows, Nasdaq still outperforming after rising to new all-time high of 17,737.94 in the first half. Currently, the Nasdaq is up 66.6 points (0.4%) at 17675.84, DJIA down 39.27 points (-0.1%) at 38676.02, S&P E-Minis up 13.25 points (0.24%) at 5441.25.
- Information Technology continues to lead gainers for the third consecutive session, hardware and semiconductor makers outperforming: Broadcom is currently up 12.71% after beating 2Q earnings late Wednesday while announcing a whopping $5.25/share quarterly dividend. Other gainers included Super Micro +12.33%, Arista Networks +4.96%. Side note: Adobe Inc reports Q2 earnings after the close.
- Real Estate sector shares lagged IT but outperformed peers as office and specialized investment trusts gained in the first half: Extra Space Storage +2.56%, Boston Properties +2.15% while Public Storage gained 2.12%.
- Industrials and Energy sectors continued to underperform in late trade, air and ground transportation shares weighing on the former: Uber -3.13%, United Airlines -1.78%, UPS -1.27%. Oil refiners and servicer shares weighed on the Energy sector: APA Corp -2.45%, Coterra Energy -2.39%, Halliburton -2.05%.
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