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Late Equity Roundup: Holding Near Highs

US STOCKS

Stocks held firmer levels in late FI trade, near second half highs amid generally improved risk appetite following Wed's May minutes showing no discussion of larger rate hikes.

  • SPX emini futures currently +86.25 (2.17%) at 4063.25 -- focus on key resistance of 4099.00/4197.54 High May 9 / 50-day EMA; DJIA +580.56 (1.81%) at 32700.53; Nasdaq +330.1 (2.9%) at 11764.86.
  • SPX leading/lagging sectors: Consumer Discretionary sector continues to outperform (+4.99%) again lead by autos (Tesla +7.92% at 711.00) and retailing. Information Technology sector bouncing back late (+2.63%) as semiconductors gain. Laggers: Real Estate (-0.14%) followed by Utilities (+0.57) and Health Care sector (+0.61%) as bio-tech and pharmaceuticals lagged for second day running; .
  • Dow Industrials Leaders/Laggers: Goldman Sachs (GS) takes the lead +8.965 at 323.86, outpacing strong showing for Home Depot (HD) climbs +8.20 to 301.77 followed by Boeing (BA) +6.49 at 128.55. Laggers: Merck (MRK) -1.77 at 91.88, JNJ +0.4 at 179.66.

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