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Late Equity Roundup: Sideways Above Lows for Week

US STOCKS

Trading sideways off late morning lows in relatively quiet late session trade. SPX emini futures, ESM2 currently trading 4112.0 (-63.775).

  • SPX leading/lagging sectors: Energy sector continued to gain (+1.32%) with crude firmer but off week highs (WTI +1.58 at 118.47), Utilities off lows (-0.20%) followed by industrials (-0.28%) w/construction/engineering shares outperforming.
  • Laggers: Consumer Discretionary (-2.56%) as autos remain weak -- notably Tesla (-8.87% at 706.28) after waiting period to purchase Twitter under the Hart-Scott-Rodino Antitrust Improvements Act expired. (Twitter shares bounced to 41.04 high). Communication Services and Information Technology paired (-2.27%) weighed by semiconductor and hardware makers (Micron, Nvidia, Apple and Intuit lead laggers).
  • DJIA -301.01 (-0.91%) at 32951.22; Nasdaq -298.3 (-2.4%) at 12019.64.
  • Dow Industrials Leaders/Laggers: Caterpillar (CAT) 2.43 at 222.43, Chevron (CVX) +1.40 at 177.40 as crude moved back to early week highs. Laggers: Apple (AAPL) -5.82 at 145.39, Goldman Sachs (GS) -5.29 at 318.96, and Microsoft (MSFT) -4.11 at 270.17.

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