Late Equity Roundup: Consumer Staples Outpace Discretionary

Stocks trading mildly lower after the FI close, off early session lows on modest two-way flow after climbing to six week highs last Friday. Generally quiet summer trade with many accts sidelined ahead this Fri's July employment report.

• Currently, SPX eminis trade - 7.5 (-0.18%) at 4126.25; DJIA -4.07 (-0.01%) at 32843.01; Nasdaq -8 (0.1%) at 12399.24. Stocks gained with rates earlier on data headwinds for rate hikes: Substantial fall was seen in the ISM prices paid index, which plunged 18.5 points to 60.0, the lowest since August 2020; June construction spending declined -1.1% vs. +0.1% est.
• SPX leading/lagging sectors: Consumer Stales (+1.0%) lead by household and personal products, Consumer Discretionary (+0.49) as retailing outpaced autos (car sales reported through Tue' session). Laggers: Energy (-2.4%) as crude sells off (WTI -4.76 at 93.86), Financials (-1.18%), Materials (-1.08%).
• Dow Industrials Leaders/Laggers: Boeing (BA) +10.29 at 169.60, Home Depot (HD) +4.90 at 305.84, Proctor and Gamble (PG) +4.10 at 143.01. Laggers: United Health (UNH) -10.01 at 532.33, Chevron (CVX) -3.39 at 160.39, Microsoft (MSFT) -3.04 at 277.70.
• Earnings releases continue after session close: Avis Budget Grp (CAR) $11.165 est, Williams (WMB) $0.365 est, SBA Communications (SBAC) $2.561 est, Diamondback Energy (FANG) $6.624, Mosaic (MOS) $4.0 est.