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Late Equities Roundup Nasdaq Outperforms DJIA Late

US STOCKS
  • Equity indexes remain mildly mixed in late Thursday trade, paring gains with the Dow swapping positions with Nasdaq in the second half. Currently, the DJIA is down 86.5 points (-0.22%) at 39042.45, S&P E-Minis down 12.25 points (-0.22%) at 5531.5, Nasdaq up 24.5 points (0.1%) at 17830.6.
  • Stocks had gained after this morning's dovish data (higher continuing claims and lower personal consumption), but support is short-lived as accounts square up and migrate to the sidelines ahead tonight's presidential debate, Friday's data and next week's July 4th holiday markets.
  • Consumer Staples and Health Care sector shares continued to underperform in late trade, the former weighed down by Walgreens Boots Alliance -25.16% after the drugstore chain Chief Executive Tim Wentworth announced the closure of a "significant share" of it's approximately 8,600 stores and cut it's stake in primary-care provider VillageMD. In comparison: Target -0.71%, Costco trades -0.62%, Walmart -0.57%.
  • Similarly, servicing and managed care stocks weighed on the Health Care sector: CVS -4.63%, Cencora Inc -4.26%, Merck -2.68%, Cardinal Health -2.51%.
  • On the flipside, Consumer Discretionary and Communication Services sectors led gainers in the second half, broadline retailers supported the former: Amazon +2.27%, CarMax +0.73%, AutoZone +0.11%.
  • Meanwhile, media and entertainment shares buoyed the latter: Paramount +1.86%, Netflix +1.05%, Warner Bros +1.03%.
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