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Late Equity Roundup, Trimming Gains, Energy Sector Holds Lead

US STOCKS

Stocks see-sawing around steady after the FI close, have been gradually unwinding early gains since the London session close. No particular headline driver for reversal after carry-over bid for stocks following Wed's flat July CPI. SPX eminis currently trades -0.75 (-0.02%) at 4209.25; DJIA +19.59 (0.06%) at 33328.18; Nasdaq -72.2 (-0.6%) at 12782.35.

  • SPX leading/lagging sectors: Energy sector continues to outperform (+3.03%) with Devon Energy DVN) +7.29%, Marathon Oil (MRO) +6.45%, Schlumberger (SLB) +5.90%. Financials follow up (0.82%) with banks and insurance names leading; Materials (+0.41%). Laggers: Consumer Discretionary (-0.86%) with auto makers weaker vs. component makers; Health Care -0.75%, Real Estate -0.70%, Information Technology-0.43%.
  • Dow Industrials Leaders/Laggers: Disney (DIS) +5.59 at 118.02 after profits surge 50%, Goldman Sachs (GS) +4.33 at 352.24, Travelers (TRV) +4.23 at 169.24. Laggers: United Health (UNH) -5.66 at 532.06, Amgen (AMGN) -2.98 at 249.11,Johnson and Johnson (JNJ) -2.95 at 167.72.
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