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Late Equity Roundup: Testing Early Highs

US STOCKS

Following late two-way immediately after the FOMC minute release, major indexes regain footing looking to test earlier highs. SPX emini futures currently +28.75 (0.73%) at 3969, Dow Industrials +98.31 (0.31%) at 32024.4, Nasdaq +149 (1.3%) at 11413.33.

  • Key technical resistance for SPX still well above at 4099.0, May 9 high.
  • SPX leading/lagging sectors: Similar to earlier levels, Consumer Discretionary sector continues to outperform (+2.70%) lead by autos (Tesla in particular: +4.70% at 657.68). Energy sector follows (+1.40%) as O&G outpaces equipment/services.
  • Laggers: Health Care sector (-0.41%) as bio-tech and pharmaceuticals lag, followed by Utilities (-0.29%) and Consumer Staples holding steady.
  • Dow Industrials Leaders/Laggers: Home Depot (HD) extends early gains, now +4.71 at 292.63, American Express (AXP) +3.41 at 159.04 while Salesforce (CRM) climbs 1.93 at 158.86. United Health (UNH) -5.45 at 492.11, Proctor Gamble (PG) -3.45 at 144.18, JNJ -1.95 at 179.45.

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