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Late Equity Roundup, Consumer Discretionary, Financials Weighing

US STOCKS

Stocks continue to drift around session - and week lows in late Friday trade, SPX eminis back to last Fri morning lvls at the moment, lead by Consumer Discretionary, Financial and Communication Services sectors. Currently, SPX eminis trade -56.5 (-1.32%) at 4230.5; DJIA -299.53 (-0.88%) at 33699.01; Nasdaq -255 (-2%) at 12710.46.

  • SPX leading/lagging sectors: Health Care sector outperforms (+0.30%), followed by Energy (+0.15%) as petroleum shares trade mixed after strong gains this week: Halliburton (HAL) -0.80% after gaining near 4% Thu, Marathon (MRO) -0.14 vs. +3.72% Thu; Utilities (-0.17%) and Consumer Staples slip to -0.41%. Laggers: As noted, Consumer Discretionary (-2.14%), Financials (-2.11) and Communication Services (-1.98%) sectors underperformed. Real rates weighed on Tech Sector -1.75% in late trade.
  • Dow Industrials Leaders/Laggers: United Health (UNH) +4.71 at 549.93, JNJ +2.70 at 169.47 and Merck (MRK +1.03 at 92.43. Laggers: Goldman Sachs (GS) -6.24 at 348.28, Salesforce (CRM) -5.04 at 182.89 and Boeing (BA) -5.59 at 163.10.
  • Equity earnings cycle nearly complete, still some notable announcements next week: Nvidia (NVDA) late Wednesday $508 est, Dell late Thursday $1.636 est

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