Free Trial

Late Equity Roundup: Energy Sector Holds Lead; Health Care Wanes

US STOCKS

Stocks rebounding late, looking to test upside of narrow session range as Energy sector outperforms. Currently, SPX eminis trade -3.75 (-0.09%) at 4272.75; DJIA -116.31 (-0.34%) at 33864.53; Nasdaq +0.9 (0%) at 12939.03.

  • Equity earnings after the close: Applied Materials (AMAT) $1.772, Ross Stores (ROST) $1.013 est. (pre-open: Estee Lauder (EL) beat: $0.42 vs. $0.319 est, Kohl's Corp (KSS) $1.11 vs. $1.019 est.)
  • SPX leading/lagging sectors: As noted, Energy outperforms (+2.42%) lead by petroleum shares: APA Corp (APA) +7.02%, Devon Corp (DVN) +4.97%, Halliburton (HAL) +4.61%, and Marathon (MRO) +4.31%; followed by Information Technology (+0.59%) and Utilities (+0.40%). Laggers: Real Estate (-0.89%), Health Care (-0.55%) weighed by Moderna (MRNA, -5.45%), and Financials (-0.08%).
  • Dow Industrials Leaders/Laggers: Cisco (CSCO) +2.77 at 49.42, Caterpillar (CAT) +1.07 at 197.00, and Boeing (BA) +0.90 at 168.10. Laggers: Walgreens Boots (WBA) -2.77 at 38.10 (after sell of sale of 11 million shares held in Option Care Health late Wed), 3M (MMM) -1.86 at 145.57, Amgen (AMGN) -1.77 at 248.81.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.