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US STOCKS: Late Equities Roundup: Off Midday Lows, Energy Outperforms

US STOCKS
USEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • Major averages look to finish lower Friday but off early week lows as markets set their sites on the fast approaching year end. Currently, the DJIA trades down 318.56 points (-0.74%) at 43006.93, S&P E-Minis down 72.5 points (-1.19%) at 6022.5, Nasdaq down 322.3 points (-1.6%) at 19698.39.
  • Consumer Discretionary and Information Technology sectors continued to underperform in late trade, autos and cruise lines traded weaker for the second day running: Tesla -5.02%, Norwegian -2.73%, Carnival -2.49% and Royal Caribbean -2.25%.
  • Semiconductor shares weighing on the IT sector: Super Micro Computers -4.95%, Palantir Technologies -3.75%, Crowdstrike -2.54% while Nvidia declined 2.44%.
  • Conversely, Energy and Utilities sectors outperformed led gainers in late trade, oil & gas shares supported by a rebound in crude prices (WTI +0.50 at 70.12): APA +0.96%, EQT and Occidental +0.75%, Phillips 66 +0.76%. Meanwhile, multi-energy providers outperformed with Dominion Energy +0.48%, American Electric +0.47%, the Southern Co +0.39%.
  • Looking ahead, the next round of quarterly earnings kicks off mid-January with Blackrock, Bank of NY Melon, Wells Fargo, JP Morgan, Goldman Sachs, Citigroup, US Bancorp, M&T Bank and PNC all reporting between January 13-16.
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  • Major averages look to finish lower Friday but off early week lows as markets set their sites on the fast approaching year end. Currently, the DJIA trades down 318.56 points (-0.74%) at 43006.93, S&P E-Minis down 72.5 points (-1.19%) at 6022.5, Nasdaq down 322.3 points (-1.6%) at 19698.39.
  • Consumer Discretionary and Information Technology sectors continued to underperform in late trade, autos and cruise lines traded weaker for the second day running: Tesla -5.02%, Norwegian -2.73%, Carnival -2.49% and Royal Caribbean -2.25%.
  • Semiconductor shares weighing on the IT sector: Super Micro Computers -4.95%, Palantir Technologies -3.75%, Crowdstrike -2.54% while Nvidia declined 2.44%.
  • Conversely, Energy and Utilities sectors outperformed led gainers in late trade, oil & gas shares supported by a rebound in crude prices (WTI +0.50 at 70.12): APA +0.96%, EQT and Occidental +0.75%, Phillips 66 +0.76%. Meanwhile, multi-energy providers outperformed with Dominion Energy +0.48%, American Electric +0.47%, the Southern Co +0.39%.
  • Looking ahead, the next round of quarterly earnings kicks off mid-January with Blackrock, Bank of NY Melon, Wells Fargo, JP Morgan, Goldman Sachs, Citigroup, US Bancorp, M&T Bank and PNC all reporting between January 13-16.