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Late Equity Roundup: Bouncing Off Lows

US STOCKS

Stocks reversed early gains, extended session lows into the FI close -- SPX eminis are bouncing back last few minutes: currently ESM2 down 9 points (-0.22%) at 4119.25 - after breach of major support earlier.

  • ESM2 fell to 4056.25 low in late FI trade, breaching key support of 4094.25 (Feb 24 low and a major support).
  • Earnings cycle resumes with several after the close: Expedia (EXPE), Williams Cos (WMB), Devon Energy (DVN), Diamondback Energy (FANG).
  • SPX leading/lagging sectors: Communication Services (+1.36%), Energy (+0.65%) and Information Technology (+0.26) lead by semiconductor shares.
  • Laggers: Real Estate shares (-3.58%) followed by Consumer Staples (-2.07%) and Utilities (-1.60%).
  • Meanwhile, Dow Industrials currently trades -71.6 points (-0.22%) at 32911.64, Nasdaq -76.4 points (0.6%) at 12412.22.
  • Dow Industrials Leaders/Laggers: Honeywell (+1.59 at 195.10), Microsoft (+1.84 at 195.35) and Chevron (+1.53 at 158.20). United health sank late (-13.30at 495.25) followed by American Express (-5.94 ayt 168.77 and Visa (-4.49 at 208.64).

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