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Late Equity Roundup: Extends Session Lows After Brief Month-End Bid

US STOCKS

Stocks had climbed higher on good month-end buying in late trade (SPX eminis tapped 4582.25) before selling off/extending session lows after the FI close: ESM2 around 4557.5 puts it near the middle of the week's range and well above initial firm support is at 4437.23, the 50-day EMA.

  • Dow currently trades -129.34 points (-0.37%) at 35097.18, and Nasdaq -6.3 (0%) at 14434.68.
  • SPX leading/lagging sectors: Utilities sector lead fading but still outperforming for a second consecutive session (+0.10%), underpinned by independent power/renewable electricity producers. Next best performer: Consumer Staples (+0.00%) with food/beverage countering weaker household/personal products. Laggers: Financials underperform late (-1.80%) lead by large global banks and diversified financials.
  • Dow Industrials Leaders/Laggers: Caterpillar (CAT) climbs late +1.28 at 224.36, while support for Amgen (AMGN) cools: +0.54 at 243.11. Home Depot continues to underperform, -9.04 at 299.42 while United Health (UNH) recedes -6.86 at 513.96.
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