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US STOCKS: Late Equities Roundup: Semiconductor Makers, Travel Stocks Weighing

US STOCKS
USEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • Stocks are extending session lows late Friday, Information Technology sector shares leading the move as semiconductor stocks underperformed. Currently, the DJIA trades down 167.66 points (-0.38%) at 44395.4, S&P E-Minis down 23.75 points (-0.39%) at 6128, Nasdaq down 129.5 points (-0.6%) at 19923.88.
  • The tech sector continued to underperform amid increased competition between high-end semiconductor makers for AI applications: Texas Instruments -7.43%, Microchip Technology -6.19%, Analog Devices -4.61%, ON Semiconductor Corp-3.82% and NXP Semiconductors NV-3.32%.
  • A mix of travel and leisure stocks weighed on the Consumer Discretionary sector in the second half: Airbnb Inc-4.39%, Expedia Group Inc-3.87%, Norwegian Cruise Line Holdings -2.20%, Royal Caribbean Cruises Ltd-2.06%.
  • On the positive side, Utility and Communication Services sectors continued to outperform in late trade, electricity and multi-energy providers supporting the former: NextEra Energy Inc +5.01%, Southern Co+1.87% and PG&E Corp +1.54%.
  • Meanwhile, leading gainers in the Communication Services sector: Paramount Global+2.48%, Charter Communications Inc+1.86%, Walt Disney and Verizon Communications both up 1.47%.
  • An increasing flood of corporate earnings are expected next week, starting off Monday with AT&T, Veradigm, SoFi Technologies, Nucor and Western Alliance Bank.
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  • Stocks are extending session lows late Friday, Information Technology sector shares leading the move as semiconductor stocks underperformed. Currently, the DJIA trades down 167.66 points (-0.38%) at 44395.4, S&P E-Minis down 23.75 points (-0.39%) at 6128, Nasdaq down 129.5 points (-0.6%) at 19923.88.
  • The tech sector continued to underperform amid increased competition between high-end semiconductor makers for AI applications: Texas Instruments -7.43%, Microchip Technology -6.19%, Analog Devices -4.61%, ON Semiconductor Corp-3.82% and NXP Semiconductors NV-3.32%.
  • A mix of travel and leisure stocks weighed on the Consumer Discretionary sector in the second half: Airbnb Inc-4.39%, Expedia Group Inc-3.87%, Norwegian Cruise Line Holdings -2.20%, Royal Caribbean Cruises Ltd-2.06%.
  • On the positive side, Utility and Communication Services sectors continued to outperform in late trade, electricity and multi-energy providers supporting the former: NextEra Energy Inc +5.01%, Southern Co+1.87% and PG&E Corp +1.54%.
  • Meanwhile, leading gainers in the Communication Services sector: Paramount Global+2.48%, Charter Communications Inc+1.86%, Walt Disney and Verizon Communications both up 1.47%.
  • An increasing flood of corporate earnings are expected next week, starting off Monday with AT&T, Veradigm, SoFi Technologies, Nucor and Western Alliance Bank.