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Late Equities Roundup: Weaker Chip Stocks Temper Oil & Gas Gains

US STOCKS
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  • Stocks remain mixed in late Monday trade, off lows with the Dow index outpacing weaker SPX and Nasdaq indexes. Currently, the DJIA trades up up 27.64 points (0.07%) at 41203.84, S&P E-Minis down 18.75 points (-0.33%) at 5634.25, Nasdaq down 146.6 points (-0.8%) at 17733.59.
  • Information Technology and Consumer Discretionary sectors continued to underperform in late trade, semiconductor stocks weighing on the former: Broadcom -3.81%, Micron -3.65%, Advanced Micro Devices -3.0%. Tesla -3.44%, Deckers Outdoor -3.01%, Tapestry Inc -2.66% weighed on the Consumer Discretionary sector.
  • On the flipside, Energy and Consumer Staples sectors outperformed in late trade: oil and gas stocks underpinned as crude prices rallied (WTI +2.42 at 77.42 -- on Libya announcing force majeure recently, not to mention mid-East tension following after Israel bombed target in Lebanon.): EOG Resources +2.47%, ConocoPhillips +1.92%, Exxon +1.87%. Food retailers buoyed the Consumer Staples sector: Kroger +2.10%, Costco +1.35%Dollar General +0.66%.
  • Late cycle corporate earnings expected late Tuesday: Nordstrom Inc, SentinelOne Inc, PVH Corp and Semtech Corp. On Wednesday: Chewy Inc, Kohl's Corp, Foot Locker Inc, Veradigm Inc, Bath & Body Works Inc, Abercrombie & Fitch Co, NVIDIA Corp, Salesforce Inc, Five Below, HP, Victoria's Secret, NetApp and Crowdstrike Holdings.
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  • Stocks remain mixed in late Monday trade, off lows with the Dow index outpacing weaker SPX and Nasdaq indexes. Currently, the DJIA trades up up 27.64 points (0.07%) at 41203.84, S&P E-Minis down 18.75 points (-0.33%) at 5634.25, Nasdaq down 146.6 points (-0.8%) at 17733.59.
  • Information Technology and Consumer Discretionary sectors continued to underperform in late trade, semiconductor stocks weighing on the former: Broadcom -3.81%, Micron -3.65%, Advanced Micro Devices -3.0%. Tesla -3.44%, Deckers Outdoor -3.01%, Tapestry Inc -2.66% weighed on the Consumer Discretionary sector.
  • On the flipside, Energy and Consumer Staples sectors outperformed in late trade: oil and gas stocks underpinned as crude prices rallied (WTI +2.42 at 77.42 -- on Libya announcing force majeure recently, not to mention mid-East tension following after Israel bombed target in Lebanon.): EOG Resources +2.47%, ConocoPhillips +1.92%, Exxon +1.87%. Food retailers buoyed the Consumer Staples sector: Kroger +2.10%, Costco +1.35%Dollar General +0.66%.
  • Late cycle corporate earnings expected late Tuesday: Nordstrom Inc, SentinelOne Inc, PVH Corp and Semtech Corp. On Wednesday: Chewy Inc, Kohl's Corp, Foot Locker Inc, Veradigm Inc, Bath & Body Works Inc, Abercrombie & Fitch Co, NVIDIA Corp, Salesforce Inc, Five Below, HP, Victoria's Secret, NetApp and Crowdstrike Holdings.