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Late Equity Roundup: Late Rally for Modest Gains

US STOCKS

After trading moderately weaker most of the session, stock indexes see-sawed off lows in the second half, still an inside session range for some: SPX emini futures currently +21.5 (0.53%) at 4041.25, Dow Industrials +302.43 (0.94%) at 32495.23, Nasdaq -14.6 (-0.1%) at 11789.37.

  • Earning cycle winding down w/ some big names still on tap: Home Depot and Walmart early Tuesday, Target early Wednesday; Techs: Applied Materials and Cisco Wednesday and Thursday respectively.
  • SPX leading/lagging sectors: Energy sector extends strong showing +3.57% w/O&G near highs; Health Care +1.14% followed by Consumer Staples (+0.75%)
  • Laggers: Consumer Discretionary (-1.22%) with autos broadly weaker (Tesla -4.38% at 735.89); Financials (-0.23%).
  • Dow Industrials Leaders/Laggers: United Health outperforming (UNH) +7.49 at 492.89, Chevron (CVX) +7.02 at 174.89, followed by Caterpillar (CAT) +3.14 at 207.47.
  • Laggers: Goldman Sachs (GS) -2.54 at 304.45, American Express (AXP) -2.06 at 156.69, and Salesforce (CRM) -1.65 at 165.26.

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