Late Equity Roundup, Running Near Highs, Retailing Outpacing Autos

Stock indexes trading higher, near late session highs into the FI close after ignoring more hawkish Fed speak earlier as short end rates back to pricing in >50% chance of 75bp hike at end of month. SF Fed Daly clarified/softened her view slightly saying 50bp hike in Sep a "reasonable thing to do."

• Currently, SPX eminis trade +69.75 (1.7%) at 4163.25; DJIA +462.73 (1.43%) at 32856.28; Nasdaq +331.4 (2.7%) at 12678.77.
• Earnings releases continues after the close: Marathon Oil (MRO) $1.267 est, MetLife (MET) $1.447 est, EBAY $0.896 est.
• SPX leading/lagging sectors: Consumer Discretionary gained late (+2.80%) as retailing outpaced autos, Information Technology (+2.79%) and Communication Services sector (+2.46%) as media and entertainment remained strong (Dish +6.54%, Meta +5.04%, Warner Bros +4.69%, Disney +4.00%). Laggers: Energy sector remained weak (-2.49%), followed by Materials (+0.33%) and Utilities (+0.39%).
• Dow Industrials Leaders/Laggers: Microsoft (MSFT) +8.13 at 282.95, Goldman Sachs (GS) +7.0 at 334.88, Salesforce.COM (CRM) +6.40 at 190.19. Laggers: Chevron (CVX) -3.94 at 155.2, Walmart (WMT) -2.18 at 130.50, Caterpillar (CAT) -0.41 at 183.10.