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Late Equity Roundup: Autos Weigh on Consumer Discretionary Sector

US STOCKS

Stocks turning weaker in late trade after see-sawing off lows in the second half. Trading desks cited combination of crude oil bouncing off lows, the largest decline in mortgage rates since 1981 falling to 6.61% (Bbg citing Freddie Mac), and a decline in market volatility

  • Information Technology and Health Care sectors outperforming as SPX eminis currently trade -35.5 (-0.89%) at 3932.5; DJIA -140.18 (-0.42%) at 33410.86; Nasdaq -107.7 (-1%) at 11075.15.
  • SPX leading/lagging sectors: Information Technology (-0.31%) as hardware makers lead semiconductor and software makers (Cisco +4.99%, JNPR +1.94%, HPE +1.90%); Health Care sector next up (-0.33%) w/ pharmaceuticals and biotechs outpaced equipment makers. Laggers: Utilities (-2.16%), Consumer Discretionary (-2.02%) auto makers and retailing names lagging.
  • Dow Industrials Leaders/Laggers: United Health (UNH) remained strong +7.72 at 519.24, Amgen (AMGN) +3.04 at 286.81, Cisco (CSCO) +2.20 at 46.59. Laggers: Home Depot (HD) -6.96 at 307.95, Salesforce.Com (CRM) -5.99 at 149.13, Caterpillar (CAT) -3.18 at 228.24.
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Stocks turning weaker in late trade after see-sawing off lows in the second half. Trading desks cited combination of crude oil bouncing off lows, the largest decline in mortgage rates since 1981 falling to 6.61% (Bbg citing Freddie Mac), and a decline in market volatility

  • Information Technology and Health Care sectors outperforming as SPX eminis currently trade -35.5 (-0.89%) at 3932.5; DJIA -140.18 (-0.42%) at 33410.86; Nasdaq -107.7 (-1%) at 11075.15.
  • SPX leading/lagging sectors: Information Technology (-0.31%) as hardware makers lead semiconductor and software makers (Cisco +4.99%, JNPR +1.94%, HPE +1.90%); Health Care sector next up (-0.33%) w/ pharmaceuticals and biotechs outpaced equipment makers. Laggers: Utilities (-2.16%), Consumer Discretionary (-2.02%) auto makers and retailing names lagging.
  • Dow Industrials Leaders/Laggers: United Health (UNH) remained strong +7.72 at 519.24, Amgen (AMGN) +3.04 at 286.81, Cisco (CSCO) +2.20 at 46.59. Laggers: Home Depot (HD) -6.96 at 307.95, Salesforce.Com (CRM) -5.99 at 149.13, Caterpillar (CAT) -3.18 at 228.24.