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Late Equity Roundup

US STOCKS
  • Stocks remain mixed late Wednesday, the Dow still extending new highs (41,208.5), S&P Eminis and Nasdaq indexes still weaker but climbing off lows in late trade. with semiconductor stocks underperforming. Currently, the DJIA is up 236.35 points (0.58%) at 41189.52, S&P E-Minis down 71.5 points (-1.25%) at 5645.25, Nasdaq down 487.1 points (-2.6%) at 18023.13.
  • Information Technology and Communication Services sectors continued to lead laggers in late trade, semiconductor stocks weighing on the former: Applied Materials -9.03%, Lam Research -8.84%, Advanced Micro Devices -8.48%. Interactive media and entertainment weighed on the Communication Services sector: Meta -5.27%, Omnicom Group -4.07%, Take Two Interactive -2.08%.
  • Consumer Staples and Energy sectors led gainers in the second half, food makers supported the Staples sector: General Mills +3.98%, Conagra +3.76%, Kraft-Heinz +3.41%. Oil and Gas shares buoyed the Energy sector as crude prices gained (WTI +2.06 at 82.82): Hess +1.93%, Chevron +1.73%, Exxon Mobil +1.48%.
  • Note, after reporting earnings this morning, Citizens Financial trades +3.79%, US Bancorp +4.53%, Ally Financial -2.86%. After the close, Discover Financial Services, Equifax, Steel dynamics , Alcoa Corp and United Airlines.
  • Upcoming bank earnings: M&T Bank and Blackstone on Thursday; Fifth Third, Regions Financial, Comerica, American Express and Huntington next Friday.

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