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Late Equities Roundup: Narrowly Mixed, Chip Stocks Leading

US STOCKS
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  • Stocks are trading mildly mixed after the bell, S&P Eminis and the Nasdaq indexes narrowly outpacing the DJIA. Currently, the DJIA trades down 16.07 points (-0.04%) at 41242.35, S&P E-Minis up 4.75 points (0.08%) at 5643.5, Nasdaq up 29.8 points (0.2%) at 17762.92.
  • Information Technology and Financial sectors continued to lead gainers in late trade, semiconductor stocks recovering slightly after better selling over the last couple sessions: Monolithic Power +3.31%, Qualcomm +2.51%, Nvidia +1.66% (reporting quarterly earnings late Wednesday).
  • Services companies buoyed the Financial sector: Fidelity National +1.56%, Berkshire Hathaway +1.43%, CME Group +1.39%.
  • On the flipside, Energy and Utility sectors underperformed in late trade. Energy sector shares pared Monday gains tied to Libya's force majeure action that underpinned crude prices. With oil weaker today (WTI -1.73 at 75.69), APA Corp -2.28%, Valero -1.78%, Marathon -1.75%. Independent/multi-energy providers weighed on the Utility sector: AES -2.29%, Consolidated Edison -1.13%, Ameren -1.10%.
  • Late cycle corporate earnings expected after today's close: Nordstrom Inc, SentinelOne Inc, PVH Corp and Semtech Corp.
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  • Stocks are trading mildly mixed after the bell, S&P Eminis and the Nasdaq indexes narrowly outpacing the DJIA. Currently, the DJIA trades down 16.07 points (-0.04%) at 41242.35, S&P E-Minis up 4.75 points (0.08%) at 5643.5, Nasdaq up 29.8 points (0.2%) at 17762.92.
  • Information Technology and Financial sectors continued to lead gainers in late trade, semiconductor stocks recovering slightly after better selling over the last couple sessions: Monolithic Power +3.31%, Qualcomm +2.51%, Nvidia +1.66% (reporting quarterly earnings late Wednesday).
  • Services companies buoyed the Financial sector: Fidelity National +1.56%, Berkshire Hathaway +1.43%, CME Group +1.39%.
  • On the flipside, Energy and Utility sectors underperformed in late trade. Energy sector shares pared Monday gains tied to Libya's force majeure action that underpinned crude prices. With oil weaker today (WTI -1.73 at 75.69), APA Corp -2.28%, Valero -1.78%, Marathon -1.75%. Independent/multi-energy providers weighed on the Utility sector: AES -2.29%, Consolidated Edison -1.13%, Ameren -1.10%.
  • Late cycle corporate earnings expected after today's close: Nordstrom Inc, SentinelOne Inc, PVH Corp and Semtech Corp.