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Late Equity Roundup, Energy Shares Power Higher

US STOCKS

Stock indexes extending gains after the FI close, SPX lead by Energy shares in-line w/ bounce in Crude (WTI +3.62 at 82.12). Early bounce for equities triggered by BOE move to calm markets by buying longer Gilts. Currently, DJIA up 612.29 points (2.1%) at 29747.77, S&P E-Mini Future up 80.75 points (2.21%) at 3741.75, Nasdaq up 242.1 points (2.2%) at 11071.83.

  • SPX leading/lagging sectors: Energy sector (+4.30%) gains after heavy selling last few sessions as crude trades higher: Marathon Petro (MPC) +6.94%, Valero (VLA) +6.76%, Devon Energy (DVN) +5.86%. Communication Services up next (+3.41%) w/media/entertainment outpacing telecom services. Laggers: Information Technology (+1.07%) w/hardware makers underperforming, weighing on software and semiconductor names. Utilities (+1.38%) and Consumer Staples (+1.40%) up next.
  • Dow Industrials Leaders/Laggers: Carry-over bid for Home Depot (HD) +13.26 at 281.95, Goldman Sachs (GS) +9.94 at 301.32, United Health (UNH) +6.27 at 514.64 and Boeing (BA) +5.68 at 133.19. Laggers: Apple (AAPL) -2.08 at 149.71 as they tone down IPhone production on softer demand, Intel (INTC) +0.14 at 27.03, Procter Gamble (PG) +0.34 atg 132.32.
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Stock indexes extending gains after the FI close, SPX lead by Energy shares in-line w/ bounce in Crude (WTI +3.62 at 82.12). Early bounce for equities triggered by BOE move to calm markets by buying longer Gilts. Currently, DJIA up 612.29 points (2.1%) at 29747.77, S&P E-Mini Future up 80.75 points (2.21%) at 3741.75, Nasdaq up 242.1 points (2.2%) at 11071.83.

  • SPX leading/lagging sectors: Energy sector (+4.30%) gains after heavy selling last few sessions as crude trades higher: Marathon Petro (MPC) +6.94%, Valero (VLA) +6.76%, Devon Energy (DVN) +5.86%. Communication Services up next (+3.41%) w/media/entertainment outpacing telecom services. Laggers: Information Technology (+1.07%) w/hardware makers underperforming, weighing on software and semiconductor names. Utilities (+1.38%) and Consumer Staples (+1.40%) up next.
  • Dow Industrials Leaders/Laggers: Carry-over bid for Home Depot (HD) +13.26 at 281.95, Goldman Sachs (GS) +9.94 at 301.32, United Health (UNH) +6.27 at 514.64 and Boeing (BA) +5.68 at 133.19. Laggers: Apple (AAPL) -2.08 at 149.71 as they tone down IPhone production on softer demand, Intel (INTC) +0.14 at 27.03, Procter Gamble (PG) +0.34 atg 132.32.