Late Equity Roundup: Weaker, Financials Lagging Ahead Earnings

Stocks trading mildly weaker in late FI trade, reversing off midday highs after London close while some traders attributing late sell interest to headlines that US has credible intel Russia proposes use of chemical weapons in Ukraine.
Markets have been taking geopol headline risk with more than a grain of salt of late. Weakness may be more attributed to start of earnings cycle with slew of banks (trading weaker) reporting: JP Morgan and BlackRock due Wed, before Citigroup, Goldman Sachs, Morgan Stanley and Wells Fargo follow.

• SPX eminis currently -12.75 (-0.29%) at 4396.75 after breaching 50D EMA support yesterday -- reinforcing a bearish threat where a move through 4400.00 signals scope for weakness towards 4362.63 next, a Fibonacci retracement. On the flipside, initial firm resistance has been established at 4519.75 (Apr 8 high) where a break would ease the bearish threat.
• SPX leading/lagging sectors: Energy sector outperforming (+2.25%) lead by oil and gas names outpacing energy equipment makers. Utilities (+0.55%) outpace Consumer Discretionary (+0.21%) as autos pare gains.
• Laggers: Financials and Communication Services sectors (-0.90%).
• Meanwhile, Dow Industrials currently trade -55 (-0.16%) at 34256.34, Nasdaq -33.8 (-0.3%) at 13379.27.
• Dow Industrials Leaders/Laggers: Chevron (CVX) still leading (+4.35 at 169.91) as oil rebounds, followed by Boeing (BA) +1.46 at 176.49 as airline guidance sees improved revenues despite increased costs. Microsoft (MSFT) lagging late -4.44 at 280.82.