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Late Equity Roundup

  • Stocks trading mostly firmer, upper half of session range with DJIA underperforming. Modest rally in stocks led by a rebound in semiconductor stocks after better selling noted in the latter half of last week. Currently, DJIA shares are down -47.42 points (-0.13%) at 35232.47, S&P E-Mini future up 14 points (0.31%) at 4494.75, Nasdaq up 104.3 points (0.8%) at 13748.83.
  • Leading gainers: Information Technology continued to outperform as chip makers drew ongoing support: Nvidia +6.25%, Micron +5.65%, Teledyne +4.85%. Communication Services also bounced after better selling late last week. Media and entertainment shares buoyed the former: with News Corp +1.4%, Twitter +1.2%, Google +0.75%.
  • Laggers: Utilities and Real Estate sectors lagged Monday. Independent power and renewable energy shares trading weaker: AES -3%, Dominion Energy -2.15% while Edison Int slipped 1.8%. Real Estate shares weighed by Office and Residential REITS: Boston Properties -2.5%, Equity Residential -2.45%, Avalon Bay -2.35%.
  • Meanwhile, quarterly earnings are winding down, this week's highlights include: Home Depot, Agilent Technologies, Target Corp, TJX Cos, Synopsys, Cisco Systems, Walmart, Applied Materials, Estee Lauder, Deere and Palo Alto Networks Inc.

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