May 23, 2022 19:17 GMT
Late Equity Roundup: Banks, Energy Equipment/Services Plow Higher
US STOCKS
Stocks firmer near the top session highs after the FI close, banks leading financial shares as major indexes continue to bounce off last Fri's Mar'21 lows.
- SPX emini futures currently +65.75 (1.69%) at 3964.75, Dow Industrials +601.3 (1.92%) at 31859.36, Nasdaq +147.4 (1.3%) at 11500.64.
- SPX leading/lagging sectors: Financials sector outperforms (+3.72%) w/banks gaining (JPM and Citi +7.12%, Bank of America +6.38%). Energy (+2.88%) lead by energy equipment and services, Consumer Staples (+2.21%).
- Laggers: Off lows, Consumer Discretionary continue to lag (+0.52%) w/ auto shares outperforming retailers; Health Care sector (0.81%) followed by Real Estate (+0.18%).
- Dow Industrials Leaders/Laggers: As noted banks outperforming: Goldman Sachs (GS) +12.27 at 319.07, JPM +8.26 at 125.65. United Health Care gaining UNH) +7.13 at 492.86.
- Laggers: Home Depot (HD) -1.35 at 285.84, followed by Dow Inc (DOW) -0.92 at 67.19, Salesforce (CRM) -0.31 at 159.34.
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