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US STOCKS: Late Equities Roundup: Reversing Early Gains Ahead Earnings, NFP

US STOCKS
  • Stocks broke narrow ranges late Thursday, SPX Eminis and Nasdaq indexes trading mildly weaker for the first time all day, while the DJIA pared losses. Late session moves likely position squaring ahead of another round of earnings after the bell, not to mention Friday morning's headline January employment data.
  • Currently, the DJIA trades 242.86 points (-0.54%) at 44632.73, S&P E-Minis down 5 points (-0.08%) at 6081.75, Nasdaq down 6.2 points (0%) at 19685.19.
  • Energy and Health Care sectors continued to underperform in late trade: Valero Energy -4.76%, Baker Hughes -4.52% and Marathon Petroleum -3.89%. In Health Care, Molina declined 10.89% after missing earnings estimates on higher costs, Hologic -10.78% after several downgrades, while Becton Dickenson declined -6.87%.
  • On the positive side, Financials and Consumer Staples sectors continued to lead gainers in late trade, banks and financial services shares supporting the former: Citigroup +2.74%,Wells Fargo and JP Morgan +1.18%, Bank of America +0.83%. On Financial services: Intercontinental Exchange rallied 4.15%, Invesco +2.54%.
  • Food, beverage & tobacco shares buoyed the Consumer Staples sector: Philip Morris +10.02% on strong sales of nicotine pouch Zyn, Hershey gained 4.91% while Campbell's gained 1.05%.
  • Earnings expected after today's close include: Monolithic Power Systems, Take-Two Interactive Software, Cloudflare Inc, Illumina Inc, Expedia Group Inc, Pinterest, Mohawk Industries, Skechers USA, Fortinet, Amazon and Microchip Technology.
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  • Stocks broke narrow ranges late Thursday, SPX Eminis and Nasdaq indexes trading mildly weaker for the first time all day, while the DJIA pared losses. Late session moves likely position squaring ahead of another round of earnings after the bell, not to mention Friday morning's headline January employment data.
  • Currently, the DJIA trades 242.86 points (-0.54%) at 44632.73, S&P E-Minis down 5 points (-0.08%) at 6081.75, Nasdaq down 6.2 points (0%) at 19685.19.
  • Energy and Health Care sectors continued to underperform in late trade: Valero Energy -4.76%, Baker Hughes -4.52% and Marathon Petroleum -3.89%. In Health Care, Molina declined 10.89% after missing earnings estimates on higher costs, Hologic -10.78% after several downgrades, while Becton Dickenson declined -6.87%.
  • On the positive side, Financials and Consumer Staples sectors continued to lead gainers in late trade, banks and financial services shares supporting the former: Citigroup +2.74%,Wells Fargo and JP Morgan +1.18%, Bank of America +0.83%. On Financial services: Intercontinental Exchange rallied 4.15%, Invesco +2.54%.
  • Food, beverage & tobacco shares buoyed the Consumer Staples sector: Philip Morris +10.02% on strong sales of nicotine pouch Zyn, Hershey gained 4.91% while Campbell's gained 1.05%.
  • Earnings expected after today's close include: Monolithic Power Systems, Take-Two Interactive Software, Cloudflare Inc, Illumina Inc, Expedia Group Inc, Pinterest, Mohawk Industries, Skechers USA, Fortinet, Amazon and Microchip Technology.