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Late Equities Roundup: Off Midday Highs

US STOCKS
  • Stocks remain well bid, but off late session highs Monday, Financial and Industrial sector shares lead the broad based rebound after last week's rout.
  • Currently, the DJIA trades up 470.27 points (1.17%) at 40817.88, S&P E-Minis up 54.75 points (1.01%) at 5474.25, Nasdaq up 157.6 points (0.9%) at 16849.49.
  • Bank and servicer stocks continued to support the Financials sector in late trade: Discover +4.40%, PNC +3.45%, Travelers and KeyCorp +3.15%. Commercial/professional services stocks buoyed the Industrials sector: Paycom +4.80%, Dayforce Inc +4.53%, Cintas +2.63%.
  • On the flipside, Communication Services and Health Care sectors lagged the broader based rally, interactive media and entertainment shares weighed on the former: Google -2.02%, Take Two -0.91%, Charter Communications -0.49%. Humana -3.53%, Bio-Rad Industries -2.87%, Merck -2.08% weighed on the health Care sector.

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