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Late Equity Roundup: Stable Near Lows

US STOCKS

Stocks still firmer in late FI trade, near session lows established early in the second half w/ SPX emini futures ESM2 +14.0 at 4121.0 vs. 4105.25 low.

  • Market preoccupied awaiting result of UK PM Johnson vote of confidence expected soon after 1600ET. Otherwise, earlier news in equities was Tesla's Elon Musk lodging contract breach complaint w/ SEC over Twitter not providing spam/bot data from micro-blogger (TWTR -1.77% at 39.45 in late trade vs. 37.91 low).
  • SPX leading/lagging sectors: Google (GOOG +2.37% at 2345.69) helping Communication Services sector outperform (+1.03%), hampered by Twitter. Materials (+0.90%) and Financials (+0.60%) follow. Laggers: Real Estate and Energy (both -0.14%) followed by Information Technology (-0.12%).
  • DJIA +10.18 (0.03%) at 32917.38; Nasdaq +44 (0.4%) at 12058.53.
  • Dow Industrials Leaders/Laggers: Modest bounce for United Health Care (UNH) +3.82 at 489.43 after falling from 503.62 early last week. Goldman Sachs (GS +2.70 at 321.38). Laggers: Amgen (AMGN) -3.42 at 245.03, Microsoft (MSFT) -1.20 at 268.78 and Nike (NKE) -1.14 at 119.81.

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