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US STOCKS: Late Equities Roundup: Paring First Half Gains

US STOCKS
USEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • Stocks are mixed in late trade, scaling back first half gains with S&P Eminis and Nasdaq indexes outperforming DJIA by the bell. Well off this morning's high of 43115.31 the DJIA trades down 51.3 points (-0.12%) at 42680.66, S&P E-Minis up 24.25 points (0.4%) at 6013.75, Nasdaq up 192.4 points (1%) at 19812.54.
  • Semiconductor makers continued to benefit from news announced late Friday that Microsoft plans to invest $80B in AI-enabled data centers - at least half of that expected to be in the US. Leading gainers included Micron Technology +10.99%, Teradyne +6.98% while First Solar, Nvidia, KLA Corp, Applied Materials ad Lam Research all gained 3-5% in the second half.
  • Interactive media and entertainment shares buoyed the Communication Services sector with Meta +2.79%, Paramount +2.67% and Alphabet +2.26%.
  • On the flipside, Utility and Real Estate sectors continued to underperform in late trade, multi-energy providers weighing on the former: Sempra -3.18%, PG&E -2.84%, Xcel Energy -2.19%. Office and Residential investment trusts weighed on the Real Estate sector with UDR -3.48%, Essex Property Trust -3.35% and Kimco -3.24%.
  • Reminder, 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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  • Stocks are mixed in late trade, scaling back first half gains with S&P Eminis and Nasdaq indexes outperforming DJIA by the bell. Well off this morning's high of 43115.31 the DJIA trades down 51.3 points (-0.12%) at 42680.66, S&P E-Minis up 24.25 points (0.4%) at 6013.75, Nasdaq up 192.4 points (1%) at 19812.54.
  • Semiconductor makers continued to benefit from news announced late Friday that Microsoft plans to invest $80B in AI-enabled data centers - at least half of that expected to be in the US. Leading gainers included Micron Technology +10.99%, Teradyne +6.98% while First Solar, Nvidia, KLA Corp, Applied Materials ad Lam Research all gained 3-5% in the second half.
  • Interactive media and entertainment shares buoyed the Communication Services sector with Meta +2.79%, Paramount +2.67% and Alphabet +2.26%.
  • On the flipside, Utility and Real Estate sectors continued to underperform in late trade, multi-energy providers weighing on the former: Sempra -3.18%, PG&E -2.84%, Xcel Energy -2.19%. Office and Residential investment trusts weighed on the Real Estate sector with UDR -3.48%, Essex Property Trust -3.35% and Kimco -3.24%.
  • Reminder, 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.