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Late Equity Roundup: Buyers Migrate to Sidelines Ahead Employ Data

US STOCKS

No obvious headline driver as major indexes pare gains in late trade, buyers migrating to sidelines ahead upcoming employment data. Sellers, particularly in Energy and IT sectors, remain active. SPX eminis currently trade +29.25 (0.76%) at 3875.5; DJIA +114.98 (0.35%) at 33251.7; Nasdaq +83.5 (0.8%) at 10471.22.

  • SPX leading/lagging sectors: Energy (-0.35%) with crude prices falling for second day (WTI -3.95 at 72.98), Health Care (-0.5%) and Information Technology (+0.07%) lagged the rally, software makers underperforming: MSFT -5.27%.
  • Leaders: Real Estate (+2.25%) lead by strong performance of industrial and health care REITs; Materials (+1.55%) and Financials (+1.46%) has banks still outperforming diversified financials and insurance companies: SVB +5.64%, SBNY +3.79%, TFC +2.45%.
  • Dow Industrials Leaders/Laggers: Continued bid for Boeing (BA) +6.63 at 202.02, Visa (V) +4.08 at 211.47, American Express (AXP) +3.26 at 150.38. Laggers: Down for second day United Health (UNH) -16.89 at 501.75, Microsoft (MSFT) -12.56 at 227.02, Honeywell (HON) -5.53 at 208.77, Chevron (CVX) -2.58 at 171.41.

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