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Late Equity Roundup: Near Late Session Highs

US STOCKS

Stocks holding near late session highs after the FI close, SPX emini futures ESU2 currently +99.25 at 3775 vs. 3782.75 high. Less of a risk-on move and more like tactical positioning/buy the dip as myriad risk factors remain.

  • SPX leading/lagging sectors: Energy sector continued to outperform (+5.55%) with O&G and equipment related shares trading strong (Diamond Back Energy +9.02% at 133.32; Exxon +6.87% at 92.04; Schlumberger +6.65% at 39.07). Consumer Discretionary up net (+3.00%) supported by strong rally for autos -- yes, Tesla leads +10.71% at 719.90; Borg Warner a distant second (+5.11% at 35.39). Laggers: Materials (+1.57%) followed by Communication Services (+1.83%) and Utilities 1.95%.
  • DJIA +658.83 (2.2%) at 30553.05; Nasdaq +269.7 (2.5%) at 11069.23.
  • Dow Industrials Leaders/Laggers: United Health Grp (UNH) extends the rally: +29.24 to 481.31 -- after annc $1.5B purchase of health tech company EMIS. Microsoft (MSFT) +6.42 at 254.07. Laggers: Home Depot (HD) -1.42 at 269.31; Disney (DIS) -0.92 at 93.40; 3M (MMM) gained 0.29 to 130.13.
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Stocks holding near late session highs after the FI close, SPX emini futures ESU2 currently +99.25 at 3775 vs. 3782.75 high. Less of a risk-on move and more like tactical positioning/buy the dip as myriad risk factors remain.

  • SPX leading/lagging sectors: Energy sector continued to outperform (+5.55%) with O&G and equipment related shares trading strong (Diamond Back Energy +9.02% at 133.32; Exxon +6.87% at 92.04; Schlumberger +6.65% at 39.07). Consumer Discretionary up net (+3.00%) supported by strong rally for autos -- yes, Tesla leads +10.71% at 719.90; Borg Warner a distant second (+5.11% at 35.39). Laggers: Materials (+1.57%) followed by Communication Services (+1.83%) and Utilities 1.95%.
  • DJIA +658.83 (2.2%) at 30553.05; Nasdaq +269.7 (2.5%) at 11069.23.
  • Dow Industrials Leaders/Laggers: United Health Grp (UNH) extends the rally: +29.24 to 481.31 -- after annc $1.5B purchase of health tech company EMIS. Microsoft (MSFT) +6.42 at 254.07. Laggers: Home Depot (HD) -1.42 at 269.31; Disney (DIS) -0.92 at 93.40; 3M (MMM) gained 0.29 to 130.13.