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Late Equity Roundup: Extending Highs

US STOCKS

SPX eminis remain strong, extending session highs since noon (ESM2 +58.25 (1.42%) at 4156.25) as they shrugged off early negative guidance from Microsoft and weak auto sales from Ford and taking cues from surge in Gold and Crude prices, latter after trading $2-3 weaker.

  • SPX leading/lagging sectors: Consumer Discretionary continued to gain (+2.8%) lead by autos: Tesla +5.7% at 782.57, while Ford holds +2.1% despite the drop in sales. Consumer Services (+2.56%) and Materials (+2.38%) followed.
  • Laggers: Energy underperformed (-0.57%) followed by Utilities (-0.25%) while Health Care bounced off earlier lows to +0.18%.
  • DJIA +267.89 (0.82%) at 33075.51; Nasdaq +287.7 (2.4%) at 12280.84.
  • Dow Industrials Leaders/Laggers: Salesforce.com (CRM) extended strong rally +13.24 at 189.31, outpacing Boeing (BA) +9.04 at 139.69. Laggers: Amgen (AMGN) -7.67 at 245.75, United Health Care (UNH) -3.01 at 489.54, followed by JNJ -1.90 at 175.81.

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