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Late Equity Roundup, Communication Services Takes Lead

US STOCKS

Stocks inching back near midmorning highs in late trade, Communication Services sector edging past Materials. Currently, SPX eminis trade +26.75 (0.65%) at 4169.5; DJIA +97.54 (0.3%) at 33066.43; Nasdaq +120 (1%) at 12550.83. OTC shares appeared to receive a boost earlier on WSJ headline that "U.S. CHINA NEAR DEAL TO LET U.S. INSPECT CHINESE COMPANY AUDIT RECORDS IN HONG KONG.

  • SPX leading/lagging sectors: Communication Services outperforming (+1.46%) media and entertainment leading w/ Dish Network (DISH) +4.54%; Materials sector a close second (+1.43%) lead by Freeport McMoRan (FCX) +4.25%, NuCor (NUE) +3.01%; followed by Financials (+1.0%). Laggers: Consumer Staples (flat), Energy (+0.07%) and Utilities (+0.08%).
  • Dow Industrials Leaders/Laggers: Boeing (BA) +4.60 at 168.20, Caterpillar (CAT) +4.19 at 198.35, Goldman Sachs (GS) +3.22 at 345.16. Laggers: Salesforce.Com (CRM) paring steeper losses currently -8.77 to 171.24 -- hammered after beating earnings est while trimming full-year guidance; Procter & Gamble (PG) -0.95 at 144.87, Merck (MRK) -0.47 at 89.54.
  • Notable earnings annc's after today's close: Dell $1.636 est, Gap Stores (GPS) -$0.68, Marvell Technology (MRVL) $0.564 est.

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