May 19, 2022 18:46 GMT
Late Equity Roundup: Techs Boost Nasdaq, Industrials Lagging
US STOCKS
Major indexes held mildly weaker levels for the most part in late trade, Nasdaq outperforming as tech and large retailer companies stage a rebound while Industrials underperform. Earnings after the close: Ross Stores (RSS) and Applied Materials (AMAT).
- SPX emini futures currently -6.5 (-0.17%) at 3915.5, Dow Industrials -123.92 (-0.39%) at 31368.01, Nasdaq +49.4 (0.4%) at 11467.82.
- SPX leading/lagging sectors: Consumer Discretionary continues to firm up (+1.44%) as retailers and auto shares bounce; Materials (+1.29%) and Energy (+0.84%) sector gain late. Laggers: Consumer Staples (-1.74%) remain week as food, alcohol and tobacco retailers underperform. Utilities and Financials (-0.75%), Industrials (-0.33%) as road and rail names under pressure.
- Dow Industrials Leaders/Laggers: United Health Care (UNH) gains +6.33 at 477.71, Home Depot (HD) +4.58 at 289.76, while Boeing (BA) and Goldman Sachs both up 1.55 at 308.28 and 127.07 respectively.
- Laggers: Cisco -7.05 at 41.31, Travelers Ins (TRV) -5.01 at 169.31, PG -4.08at 141.08.
148 words