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Late Equity Roundup: Month End Approaching

US STOCKS
Market depth has been fairly thin, whippy price action could be due to approaching month/half-year end portfolio repositioning interest - stay alert.
  • Major indexes continue to see-saw in narrow range in late FI trade, managing to hold modest gains w/Dow outperforming at the moment: DJIA +143.25 (0.46%) at 31087.97; Nasdaq +1.3 (0%) at 11182.2 while SPX eminis trading +2.5 (0.07%) at 3828.
  • SPX leading/lagging sectors: Health Care sector continues to outperform (+1.65%) lead by equipment mfgs, pharmaceuticals and biotech; Consumer Staples (+0.75%) and Information Technology (+0.41%) follow. Laggers: After making strong gains Mon-Tue, Energy sector retraces with Crude reversing course (-2.75%), Exxon, Chevron, Conoco Phillips, Occidental all weaker. Followed by Real Estate (-1.05%), Materials (-0.70%) and Industrials (-0.54%).
  • Dow Industrials Leaders/Laggers: United Health Group (UNH) outperforming +9.69 at 518.13, Goldman Sachs (GS) +5.98 at 305.47, Home depot (HD) +5.91 at 276.06, McDonalds (MCD) +5.91 at 248.74. Laggers: Caterpillar (CAT) -3.74 at 183.70, American Express AXP) -2.88 at 139.31 and Chevron (CVX) -2.24 at 147.70.

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