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US STOCKS: Late Equities Roundup: Second Half Retreat, Autos Weighing

US STOCKS
USEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • Stocks have reversed first half gains, currently extending lows in late Thursday trade, Consumer Discretionary and Real Estate sectors continue to underperform. Currently, the DJIA trades down 251.26 points (-0.59%) at 42292.26, S&P E-Minis down 40 points (-0.67%) at 5894.75, Nasdaq down 117.7 points (-0.6%) at 19192.91.
  • Consumer Discretionary and Real Estate sectors continued to lead laggers in late trade, autos weighing on the discretionary sector, namely Tesla -6.60% after failing to meet delivery expectations, while GM declined 3.92%, Ford -2.07%.
  • Estate investment trusts, particularly residential and hotel REITs weighed on the Real Estate sector: Federal Realty -2.64%, Equity Residential -2.40%, Regency Centers -2.22%.
  • On the positive side, Energy and Communication Services sectors continued to lead gainers, oil & gas stocks buoyed after crude prices surged (WTI +1.47 at 73.18): Texas Pacific Land Corp +4.88%, Devon Energy +1.74%, The Williams Cos +1.83%.
  • Interactive media and entertainment stocks supported the Communication Services sector: Meta +1.16%, Charter Communications +0.95% while Fox Corp gained 0.55%.
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  • Stocks have reversed first half gains, currently extending lows in late Thursday trade, Consumer Discretionary and Real Estate sectors continue to underperform. Currently, the DJIA trades down 251.26 points (-0.59%) at 42292.26, S&P E-Minis down 40 points (-0.67%) at 5894.75, Nasdaq down 117.7 points (-0.6%) at 19192.91.
  • Consumer Discretionary and Real Estate sectors continued to lead laggers in late trade, autos weighing on the discretionary sector, namely Tesla -6.60% after failing to meet delivery expectations, while GM declined 3.92%, Ford -2.07%.
  • Estate investment trusts, particularly residential and hotel REITs weighed on the Real Estate sector: Federal Realty -2.64%, Equity Residential -2.40%, Regency Centers -2.22%.
  • On the positive side, Energy and Communication Services sectors continued to lead gainers, oil & gas stocks buoyed after crude prices surged (WTI +1.47 at 73.18): Texas Pacific Land Corp +4.88%, Devon Energy +1.74%, The Williams Cos +1.83%.
  • Interactive media and entertainment stocks supported the Communication Services sector: Meta +1.16%, Charter Communications +0.95% while Fox Corp gained 0.55%.