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US STOCKS: Late Equities Roundup: Near Session Highs, IT & Pharmaceuticals Ahead

US STOCKS
USEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • Stocks continue to extend gains/pare losses, the Nasdaq mildly underperforming in late Wednesday trade. Currently, the DJIA trades up 250.53 points (0.56%) at 44807.48, S&P E-Minis up 14 points (0.23%) at 6077, Nasdaq down 8 points (0%) at 19646.43.
  • Information Technology and Health Care sectors continued to lead gainers in late trade: Johnson Controls International gaining over 12.25% after beating earnings estimates (and replacing it's CEO) this morning, while Fiserv Inc gained 7.45%, Super Micro Computer +6.79% and Broadcom +6.21%.
  • Better than expected earnings also helped pharmaceuticals with Amgen +6.23%, Bio-Techne gaining 4.8% and Regeneron Pharmaceuticals +2.77%.
  • Communication Services and Consumer Discretionary sectors continued to underperform in late trade, interactive media and entertainment shares weighing on the former with Alphabet -8.08% after beating street estimates in 4Q EPS, but missing 4Q revenue, Match Group -7.62%, Interpublic Group -3.99%.
  • Leading laggers in the Consumer Discretionary sector included Tesla -3.22%, Chipotle Mexican Grill -2.69%, Nike -2.46 and Amazon -2.3%.
  • Reminder, earnings expected after the bell include: MetLife, Cognizant Technology Solutions, MicroStrategy, QUALCOMM Inc, Skyworks Solutions, McKesson Corp, Molina Healthcare, Viking Therapeutics, Ford Motor Co, Allstate Corp and O'Reilly Automotive Inc.
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  • Stocks continue to extend gains/pare losses, the Nasdaq mildly underperforming in late Wednesday trade. Currently, the DJIA trades up 250.53 points (0.56%) at 44807.48, S&P E-Minis up 14 points (0.23%) at 6077, Nasdaq down 8 points (0%) at 19646.43.
  • Information Technology and Health Care sectors continued to lead gainers in late trade: Johnson Controls International gaining over 12.25% after beating earnings estimates (and replacing it's CEO) this morning, while Fiserv Inc gained 7.45%, Super Micro Computer +6.79% and Broadcom +6.21%.
  • Better than expected earnings also helped pharmaceuticals with Amgen +6.23%, Bio-Techne gaining 4.8% and Regeneron Pharmaceuticals +2.77%.
  • Communication Services and Consumer Discretionary sectors continued to underperform in late trade, interactive media and entertainment shares weighing on the former with Alphabet -8.08% after beating street estimates in 4Q EPS, but missing 4Q revenue, Match Group -7.62%, Interpublic Group -3.99%.
  • Leading laggers in the Consumer Discretionary sector included Tesla -3.22%, Chipotle Mexican Grill -2.69%, Nike -2.46 and Amazon -2.3%.
  • Reminder, earnings expected after the bell include: MetLife, Cognizant Technology Solutions, MicroStrategy, QUALCOMM Inc, Skyworks Solutions, McKesson Corp, Molina Healthcare, Viking Therapeutics, Ford Motor Co, Allstate Corp and O'Reilly Automotive Inc.