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Late Equity Roundup

US STOCKS

Major indexes continued to drift lower in the second half, at/near late session lows with Communication Services and IT sectors underperforming. SPX eminis currently trade -42.5 (-1.1%) at 3836; DJIA -272.3 (-0.83%) at 32647.08; Nasdaq -162.8 (-1.5%) at 10541.79.

  • SPX leading/lagging sectors: Communication Services (-2.15%) weighed by media & entertainment shares: Warner Bros/Discovery -8.32%, Disney (-4.66%) followed by Information Technology (-1.72%) weighed by as software and servicers underperformed hardware/storage makers (ACN -3.71, FTNT -3.62, Adobe -3.10, MSFT -2.26%).
  • Leaders: Energy sector outperformed (+0.51%) partially tied to firmer crude prices (WTI +0.96 at 75.25) w/ O&G refiners leading: Marathon (MPC) +0.71%, SLB +0.45% Valero (VLO) +0.1%,; Consumer Staples next up (-0.51%) lead by food/beverage and tobacco shares.
  • Dow Industrials Leaders/Laggers: Boeing (BA) +1.75 at 186.48, Travelers Ins (TRV) +0.4 at 183.20, MMM +0.16 at 121.85.
  • Laggers: Microsoft (MSFT) -5.49 at 239.20, Home Depot (HD) -6.99 at 316.35, Disney (DIS) -4.04 at 86.04.

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