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Late Equities Roundup: Marking Late Session Highs

US STOCKS
  • Stocks continue to gain in late trade, S&P Eminis near last Friday's all-time high of 5193.00. Looking past the higher than hoped for CPI inflation data that weighed on Tsys and chances of a rate cut in the near term, S&P E-Minis currently trades up 57 points (1.1%) at 5242.5, Nasdaq up 233.3 points (1.5%) at 16251.87, DJIA up 281.01 points (0.72%) at 39051.4.
  • Leading gainers: Information Technology and Consumer Discretionary sectors continued to outperform in late trade: Nvidia +5.78%, Micron +2.65%, Monolithic Power +1.92%. Broadline retailers supported the Discretionary sector: Best Buy +2.15%, Amazon +2.22%, DR Horton +1.63%.
  • Laggers: Utility and Real Estate sectors underperformed in the second half, Independent and multi energy stocks weighed on the former: AES Corp -2.1%, Sempra -1.94%, Pinnacle West -1.89%. Real Estate investment trusts displaced mining stocks as the next lowest performer: particularly residential and office REITS: Ventas -2.25%, UDR inc -2.11%, Regency Centers -1.95%.

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