February 11, 2025 19:32 GMT
US STOCKS: Late Equities Roundup: Narrowly Mixed Ahead Midweek Inflation Data
US STOCKS
- Stocks trade mixed late Tuesday, inside narrow ranges as markets await the release of key CPI and PPI inflation data on Wednesday and Thursday respectively. Currently, the DJIA trades up 58.19 points (0.13%) at 44529.93, S&P E-Minis down 0.75 points (-0.01%) at 6088, Nasdaq down 57.7 points (-0.3%) at 19656.57.
- Consumer Discretionary and Health Care sectors underperformed in the second half, a mix of auto and travel related stocks weighed on the former: Marriott International -5.28%, Tesla -4.63%, Expedia -3.0% while Garmin Ltd declined 2.37%. Managed care and pharmaceuticals weighed on the Health Care sector in late trade: despite rising revenues Humana dropped 8.25% after missing earnings estimates, Molina Healthcare -3.92%, Regeneron Pharmaceuticals -3.10%.
- On the positive side, Materials and Energy sectors continued to outperform in the second half. Oil and gas shares continued to gain with ongoing support in crude (WTI +.92 at 73.27): Phillips66 +4.45%, ConocoPhillips +2.67% and Devon Energy +2.51%. Meanwhile chemical manufacturers buoyed the Materials sectors: DuPont de Nemours +8.55% after beating earnings estimates, as did Ecolab Inc +6.49% amid robust end user demand.
- Reminder, Tuesday afternoon earnings include: Upstart Holdings, Brighthouse Financial, Welltower, Confluent, DoorDash, Eversource Energy, Lyft, Zillow Group, Gilead Sciences and Edwards Lifesciences Corp.
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