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Late Equities Roundup: Oil & Gas Shares Bid With Crude

US STOCKS
  • Stocks are continue to scale back from first half lows, trading mixed late in the session with the DJIA underperforming. Currently, DJIA is down 140.36 points (-0.36%) at 39335.05, S&P E-Minis down 6 points (-0.11%) at 5287, Nasdaq up 9.3 points (0.1%) at 16437.87.
  • Leading Gainers: Energy and Utilities continued to outperform in late trade, oil ang gas shares leading as geopolitical tensions drove oil priced higher (WTI +1.35 at 81.98): APA +2.7%, ConocoPhillips +2.64%, Marathon oils +1.94%. Independent power suppliers buoyed Utilities: Constellation Energy +5.53%, Next Era Energy +0.97%, NRG Energy +0.76%.
  • Laggers: Industrials and Communication Services sectors underperformed in the second half, transportation and professional services shares weighed on Industrials: United Airlines -3.88%, Dayforce Inc -3.78%, Norfolk Southern -2.38%. Iinteractive media and entertainment shares weighed on Communication Services: Take-Two Interactive Software -4.61% after rumors over delay of gaming software made the rounds, Interpublic Group -1.47%, Meta -0.98% and Google -0.87%.

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