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Late Equity Roundup, Extending Lows into Month End

US STOCKS

Stocks weaker in late trade, extending modest session lows as Materials, Information Technology and Consumer Discretionary sectors underperforming. Currently, SPX eminis trade -18 (-0.45%) at 3969.5; DJIA -171.49 (-0.54%) at 31625.45; Nasdaq -37 (-0.3%) at 11847.21. SPX move puts index back to late July levels after hitting the best levels since April in mid-August (4307.25).

  • SPX leading/lagging sectors: Communication Services +0.63% (lead by media and entertainment w/ META +3.21%, Netflix +2.27%), followed by modest recovery in Energy (+0.09%) with Haliburton (HAL) +1.38%, Marathon Oil (MRO) +1.29% and Devon Energy (DVN) +1.18%. Laggers: Materials -0.92%, Information Technology -0.66% and Consumer Discretionary -0.65% (autos and consumer durables lagging). Note, Wards total vehicle sales reported throughout Thu's session, current est at 13.3m vs. 13.35m prior.
  • Dow Industrials Leaders/Laggers: Amgen (AMGN) +1.66 at 240.78, Disney (DIS) +0.32 at 112.75, Walgreens Boots (WBA) +0.28 at 35.46.
  • Laggers: Salesforce.Com (CRM) extends losses in the second half, now -3.32 at 156.35, Home Depot -3.29 at 289.91, Goldman Sachs -2.84 at 330.79.

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