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Late Equity Roundup: Extending Lows, IT Weighing

US STOCKS

Stock indexes gradually extending losses in late trade, early support sapped after better than expected Sep NFP data underscored Fed's likely hawkish forward policy path. Information Technology, Consumer Discretionary and Communication Services underperforming. Currently, SPX eminis trade -106 (-2.82%) at 3650.5; DJIA -664.75 (-2.22%) at 29261.17; Nasdaq -407.9 (-3.7%) at 10665.29.

  • SPX leading/lagging sectors: Information Technology sector extend losses (-4.21%) as semiconductors, hardware makers, software and services reversed prior session gains (AMD -12.66%, MPWR -9.14$, NVDA -7.63%). Consumer Discretionary (-3.64%) and Communication Services (-2.75%) follow, auto makers weighing on the former, Tesla -6.05%. Leaders: Energy sector shares outperforming (-0.14%) oil/gas names doing well as crude remains strong (WTI +4.26 at 92.71). Consumer Staples (-1.47%) and Industrial (-2.08%) sectors followed.
  • Dow Industrials Leaders/Laggers: Merck (MRK) -0.18 at 87.26, Chevron (CVX) reverses earlier gains -0.32 at 161.10, Verizon (VZ) -0.79 at 37.05. Laggers: United Health (UNH) -17.27 at 501.86, Microsoft (MSFT) -12.54 at 234.25, Home Depot (HD) -6.48 at 283.91.
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Stock indexes gradually extending losses in late trade, early support sapped after better than expected Sep NFP data underscored Fed's likely hawkish forward policy path. Information Technology, Consumer Discretionary and Communication Services underperforming. Currently, SPX eminis trade -106 (-2.82%) at 3650.5; DJIA -664.75 (-2.22%) at 29261.17; Nasdaq -407.9 (-3.7%) at 10665.29.

  • SPX leading/lagging sectors: Information Technology sector extend losses (-4.21%) as semiconductors, hardware makers, software and services reversed prior session gains (AMD -12.66%, MPWR -9.14$, NVDA -7.63%). Consumer Discretionary (-3.64%) and Communication Services (-2.75%) follow, auto makers weighing on the former, Tesla -6.05%. Leaders: Energy sector shares outperforming (-0.14%) oil/gas names doing well as crude remains strong (WTI +4.26 at 92.71). Consumer Staples (-1.47%) and Industrial (-2.08%) sectors followed.
  • Dow Industrials Leaders/Laggers: Merck (MRK) -0.18 at 87.26, Chevron (CVX) reverses earlier gains -0.32 at 161.10, Verizon (VZ) -0.79 at 37.05. Laggers: United Health (UNH) -17.27 at 501.86, Microsoft (MSFT) -12.54 at 234.25, Home Depot (HD) -6.48 at 283.91.