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Late Equities Roundup: Oil & Gas Shares Buoy the Energy Sector

US STOCKS
  • Stocks clinging to modestly higher levels, SPX Eminis above pre-CPI levels, but still shy of contract high of 5066.50 at the moment. Currently, the DJIA is up 161.23 points (0.42%) at 38585.7, S&P E-Minis up 4.25 points (0.08%) at 5022.25, Nasdaq down 41.5 points (-0.3%) at 15817.05.
  • Leading gainers: Energy and Real Estate sector shares continued to outperform in late trade, oil and gas shares supported the Energy sector after paring early week gains yesterday: APA +5.1%, Diamondback Energy (FANG) +5.06%, Targa Resources +4.82%. Estate management company CBRE Group buoyed the Real Estate sector as it gained 8.55% after beating earnings this morning, Costar Group only gained 1% in comparison.
  • Laggers: Information Technology and Communication Services sectors underperformed, hardware and equipment makers weighed on IT: Cisco -1.95, NetApp -1.37%, Apple -1.17%. Paring midweek gains, Media and entertainment shares weighed on the Communication Sector: Paramount -5.12%, Google -2.75%, Comcast -0.40%.
  • Looking ahead: corporate earnings expected after the close: DoorDash Inc, Ingersoll Rand, Roku, Applied Materials

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