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Late Equity Roundup: Broadline Retailers, Chemical Makers Leading

US STOCKS
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  • Stocks are holding modest gains late Tuesday, near the middle of narrow session ranges as the pace of equity earnings announcements gain momentum. Currently, the DJIA is up 56.53 points (0.14%) at 40474.09, S&P E-Minis up 0.5 points (0.01%) at 5612, Nasdaq up 21 points (0.1%) at 18030.26.
  • Consumer Discretionary and Materials sectors led gainers in late trade, broadline retailers buoyed the discretionary sector: Amazon +3.6% following recent upgrade from Morgan Stanley, Pool Corp +0.85%, Ulta +0.54%. Chemical companies supported the Materials sector: Sherwin-Williams +6.77% after reporting better than expected earnings, Smurfit Westrock +2.67%, Air Products & Chemicals +2.03%.
  • On the flipside, Energy sector shares underperformed, oil and gas shares weighing on the former for the second consecutive session: Diamondback Energy -2.76%, Philips 66 -2.15%, Hess -2.0%. Meanwhile, support for Information Technology sector evaporated in the second half, semiconductor shares weaker: NXP Semiconductors -8.96%, ON Semiconductors -4.53%, Analog Devices and Texas Instruments both -2.3%.
  • Reminder, Tuesday afternoon earnings announcements expected from: Tesla, Texas Instruments, Seagate Technology, Enphase Energy, Alphabet, Visa and Capital One Financial Corp.
  • Early Wednesday: Tenet Healthcare, Evercore, AT&T, Amphenol, CME Group, Old Dominion Freight Line, Blackstone Mortgage Trust, International Paper, Boston Scientific, Applied Digital, Lennox International, Fiserv, General Dynamics, Thermo Fisher Scientific, NextEra Energy, Otis Worldwide, Stifel Financial and NextEra Energy.
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  • Stocks are holding modest gains late Tuesday, near the middle of narrow session ranges as the pace of equity earnings announcements gain momentum. Currently, the DJIA is up 56.53 points (0.14%) at 40474.09, S&P E-Minis up 0.5 points (0.01%) at 5612, Nasdaq up 21 points (0.1%) at 18030.26.
  • Consumer Discretionary and Materials sectors led gainers in late trade, broadline retailers buoyed the discretionary sector: Amazon +3.6% following recent upgrade from Morgan Stanley, Pool Corp +0.85%, Ulta +0.54%. Chemical companies supported the Materials sector: Sherwin-Williams +6.77% after reporting better than expected earnings, Smurfit Westrock +2.67%, Air Products & Chemicals +2.03%.
  • On the flipside, Energy sector shares underperformed, oil and gas shares weighing on the former for the second consecutive session: Diamondback Energy -2.76%, Philips 66 -2.15%, Hess -2.0%. Meanwhile, support for Information Technology sector evaporated in the second half, semiconductor shares weaker: NXP Semiconductors -8.96%, ON Semiconductors -4.53%, Analog Devices and Texas Instruments both -2.3%.
  • Reminder, Tuesday afternoon earnings announcements expected from: Tesla, Texas Instruments, Seagate Technology, Enphase Energy, Alphabet, Visa and Capital One Financial Corp.
  • Early Wednesday: Tenet Healthcare, Evercore, AT&T, Amphenol, CME Group, Old Dominion Freight Line, Blackstone Mortgage Trust, International Paper, Boston Scientific, Applied Digital, Lennox International, Fiserv, General Dynamics, Thermo Fisher Scientific, NextEra Energy, Otis Worldwide, Stifel Financial and NextEra Energy.