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US STOCKS: Late Equities Roundup: Off Post-NFP Highs, Oil/Gas & Energy Lagging

US STOCKS
USEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • Stocks are holding near steady (SPX Eminis) to mixed in late trade, Nasdaq outperforming weaker DJIA. Stocks trimmed early gains ahead of the weekend after two of the three major averages climbed to new record highs this morning: SPX Eminis at 6,111.00 and the Nasdaq at 19,851.36, while the DJIA climbed to 44,886.32, was still off November 29 all-time high of 45,067.28.
  • Stocks gapped higher earlier as the jobs data reinforced the view of a resilient labor market despite gradual cooling - that in turn supported expectations of steady rate cuts by the Federal Reserve. Currently, the DJIA is down 141.04 points (-0.32%) at 44623.79, S&P E-Minis up 6.25 points (0.1%) at 6095, Nasdaq up 129.7 points (0.7%) at 19830.69.
  • Consumer Discretionary and Communication Services sectors continued to lead gainers in late trade, apparel stocks, auto and broadline retailers buoyed the Discretionary sector with Lululemon surging 16.8% on overseas strength and several upgrades, Ulta Beauty +9.26%. Meanwhile, AutoZone gained 3.2%, Amazon +1.91% while Tesla gained 1.83%.
  • Interactive media and entertainment shares continued to support the Communication Services sector: Meta +2.32%, Netflix +1.10%, Alphabet +1.03% while Live Nation gained 0.93%.
  • On the flip side, Energy and Utility sectors underperformed in late trade, oil & gas weighed on the former: Diamondback Energy -4.05%, Devon Energy -3.0%, Coterra -2.84%. Electricity and independent power shares weighed on the Energy sector: Eversource -2.89%, NRG Energy -2.28%, Consolidated Edison -2.01%.
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  • Stocks are holding near steady (SPX Eminis) to mixed in late trade, Nasdaq outperforming weaker DJIA. Stocks trimmed early gains ahead of the weekend after two of the three major averages climbed to new record highs this morning: SPX Eminis at 6,111.00 and the Nasdaq at 19,851.36, while the DJIA climbed to 44,886.32, was still off November 29 all-time high of 45,067.28.
  • Stocks gapped higher earlier as the jobs data reinforced the view of a resilient labor market despite gradual cooling - that in turn supported expectations of steady rate cuts by the Federal Reserve. Currently, the DJIA is down 141.04 points (-0.32%) at 44623.79, S&P E-Minis up 6.25 points (0.1%) at 6095, Nasdaq up 129.7 points (0.7%) at 19830.69.
  • Consumer Discretionary and Communication Services sectors continued to lead gainers in late trade, apparel stocks, auto and broadline retailers buoyed the Discretionary sector with Lululemon surging 16.8% on overseas strength and several upgrades, Ulta Beauty +9.26%. Meanwhile, AutoZone gained 3.2%, Amazon +1.91% while Tesla gained 1.83%.
  • Interactive media and entertainment shares continued to support the Communication Services sector: Meta +2.32%, Netflix +1.10%, Alphabet +1.03% while Live Nation gained 0.93%.
  • On the flip side, Energy and Utility sectors underperformed in late trade, oil & gas weighed on the former: Diamondback Energy -4.05%, Devon Energy -3.0%, Coterra -2.84%. Electricity and independent power shares weighed on the Energy sector: Eversource -2.89%, NRG Energy -2.28%, Consolidated Edison -2.01%.